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Consideration refers to something of value exchanged between the parties, which is essential for a contract to be binding.;It can be in the form of money, services, or a promise to perform (or not perform) certain act...

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If you are partially at fault, you may still be able to claim compensation, but it might be reduced based on your degree of fault.;It's important to provide accurate information to your insurer and seek legal advice t...

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The ACCC enforces the Franchising Code of Conduct, investigates complaints, and ensures that franchisors and franchisees comply with legal obligations.;It also provides guidance and information to help both parties un...

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The Australian Taxation Office (ATO) is responsible for collecting revenue, administering the tax system, and ensuring compliance with tax laws.;The ATO provides guidance, processes tax returns, conducts audits, and o...

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Consumers are protected by laws that prevent debt collectors from using harassment or misleading tactics.;The ACCC provides guidelines that outline acceptable conduct for debt collectors.

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The process for registering a trademark in Australia involves searching the trademarks database, filing an application, and undergoing examination.;If accepted, the trademark is published in the Official Journal of Tr...

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A notary public is a legal professional with authority to perform notarial acts, while a justice of the peace can witness documents but has more limited powers.;Notaries public can handle international documents and o...

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Bankruptcy significantly impacts your credit rating, making it difficult to obtain credit in the future.;The record of bankruptcy remains on your credit report for up to five years or longer in some cases.

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The time limit, or statute of limitations, for filing a medical negligence claim varies by state but is typically three years from the date of the incident.;It is important to seek legal advice promptly to ensure comp...

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The cooling-off period in real estate transactions varies by state but typically lasts between 2 to 5 business days, allowing the buyer to withdraw from the contract.;Conditions of the cooling-off period, including an...