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Seller forced to pay $1,650,000 commission on failed sale

In an earlier news article, we discussed the risks of sellers blindly signing agent’s appointments which often incorporate provisions requiring the seller to pay commission on sales which have not settled.  The REIQ standard terms for agent’s appointments contain that quite hazardous obligation, together with other provisions which might excite the interest of the seller’s […]

Queensland Enduring Powers of Attorney

The usefulness of Enduring Powers of Attorney cannot be underestimated, and should be considered as part of any estate or business planning exercise. But what is an enduring power of attorney, how are they made, and should you agree to be an attorney?  This article sets out the basic framework for the instrument.  In a […]

What if a Will is ambiguous?

In some cases, it is relatively easy to resolve the ambiguity, for example where a gift in a will fails because the subject matter of the will has been sold before the will maker died. There are however other circumstances where gifts are ambiguous, and where the consequences can be quite significant. Under section 33C […]