Unfortunately it is often only at the time of needing to take legal action to recover outstanding money that problems with the contracting entity or the validity of the contract is identified. At this point it may be too late!
ASIC has created a free downloadable Business Check App that contains a checklist for small businesses when they are entering into contracts.
Taking a moment to work through this checklist before signing a contract may prove to be very valuable for you in the long run.
The ASIC Business Check App is available for download through both the Apple App Store and Google Play Store.
Kells can also assist small businesses by advising on terms and conditions and supplier contracts, assisting with registration on the Personal Property Securities Register and recovering outstanding monies.