Contract law notes australia

How do I write a contract in Australia?

Prepare a contract

1. Provide details of the parties
2. Describe services or results
3. Set out payment details
4. Assign intellectual property rights
5. Explain how to treat confidential information
6. Identify who is liable – indemnity
7. Provide insurance obligations
8. Outline any subcontracting agreements

What are the basics of contract law in Australia?

Australian contract law is based on the English common law, rather than on any codified or statute law.
The basic principle of Australian contract law is freedom of contract, under which parties are at liberty to strike whatever bargain they choose._{May 7, 2015}.

What contracts must be in writing Australia?

Some contracts, however, are legally required to be in writing, including: credit contracts and consumer leases, for example, contracts supplying credit or consumer mortgages; contracts for the performance of domestic building work to the value of $12 000 or more [Building Work Contractors Act 1995 (SA) s 28];.