Minter Ellison's popular report on the fundamentals of doing business in Australia.
We have extensive experience in negotiating, drafting, interpreting and administrating contracts, memoranda of understanding, guarantees and indemnities. Minter Ellison's lawyers specialise in drafting plain English documentation. From contracts for the supply of goods and services to joint ventures and major acquisition projects, we are well equipped to deal with the full range of tendering and contractual issues. We draft and advise on many forms of contract including land acquisition agreements, construction agreements, procurement contracts, long-term supply and logistics arrangements and many other commercial agreements. We have considerable expertise in the area of supply and general contract preparation. We also provide advice on standard terms and conditions along with procurement and sourcing strategies. This is combined with experience in interpreting and advising on regulatory legislation such as competition law, corporate governance and trade practices issues.
Contract clauses that allow the owner to exit the contract at will are commonly seen in the energy and resources sector — and they are very important right now given the rapid changes in this area with variable demand for commodities and the scarcity of capital for project delivery. The question is when and how can these clauses be used?