Exemption Clauses in Contracts – Fine Print Can Void Them
“… he did not think that he was binding himself ‘to all sorts of fine print that I can’t even read’.” (Extract from judgment below, describing evidence given by the customer during the trial) For suppliers of goods or services, incorporating a strong, clearly worded exemption clause (a clause excluding or restricting your liability to […]
A Million Rand Warning: Act When Employees Reach Retirement Age
“Retirement is for people who don’t like their jobs” (Paul McCartney) Many employees reaching “retirement age” (often set at 60 or 65) are not ready to retire. Perhaps they need to carry on earning an income, often they are fit and healthy and want to remain engaged and productive. Increasingly, both factors are at play. […]
Don’t Risk Consequential “Loss Of Profits” Damages: Check Your Contracts And Insurance!
“Consequential Loss: This is loss not directly caused by the insured event but is an indirect result of the event. This is loss or damage that was not foreseen by the insurer or the policyholder at the time the policy was taken out. Consequential loss is in many instances not covered and cover is dependent […]