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A contract can be terminated legally by mutual agreement, performance, breach, or frustration.;Termination clauses in the contract itself can also dictate the conditions under which a contract can be ended.

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Capital gains tax in Australia is calculated based on the profit from the sale of an asset, with discounts available for assets held longer than 12 months.;Individuals must report capital gains in their tax returns, a...

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A testamentary trust is created through a will and comes into effect upon the testator's death, whereas a living trust is established during the testator's lifetime.;Testamentary trusts are often used for managing ass...

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Disputes can be resolved through mediation, arbitration, or the courts depending on the situation.;Many exchanges also have their own internal dispute resolution mechanisms for users.

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Commercial litigation can take several months to several years to resolve.;The duration depends on factors like the complexity of the case and the court's schedule.

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A sole trader is an individual running a business, while a company is a separate legal entity owned by shareholders.;Sole traders have unlimited liability, whereas companies provide limited liability protection to the...

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Notify your insurance company as soon as possible and provide them with all necessary documentation, including police reports and medical records.;Fill out the claim form provided by your insurer and submit any requir...

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Common challenges include maintaining consistency across franchises, managing relationships, and ensuring compliance with legal requirements.;Franchisees may face challenges such as high initial costs, strict operatio...

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Australia participates in the International Court of Justice by representing its interests in cases and complying with court decisions.;Australia may also bring cases to the court or intervene in cases involving other...

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The Privacy Act 1988 and the Australian Privacy Principles (APPs) govern the collection, use, and disclosure of personal information online.;Individuals have rights to access and correct their personal data, and organ...