Industry Law

Facebook Share Twitter Share LinkedIn Share Pinterest Share Reddit Share E-Mail Share

1. When you present prices to your customers, you must state the total price of the good or service as a single figure, which is the minimum total costthat can be calculated. This should include any tax, duty, fee, levy or other additional charges (for example, GST or airport tax). Exceptions: 1. this rule does not usually apply in business-to-business transactions. This means you do not need to include GST if a price statement is made exclusively to businesses. 2. you do not need to include delivery charges unless you are aware of a minimum delivery charge that must be paid, in which case you can choose whether to include it in the total price or separately.
2. Estimated Reading Time: 6 mins

Preview

Posted in: Business Law, Air LawShow details

1. Price fixing occurs where 2 or more competitors (formally or informally) agree on setting a price. Under the Competition and Consumer Act 2010, price fixing is illegal in Australia. The Australian Competition and Consumer Commission (ACCC) administers the Act. Price fixing is a complex area and significant penalties apply, so ask your solicitor to explain your obligations under the Act. You must understand how the Competition and Consumer Act 2010applies to your business.

Preview

Posted in: Form Law, Business LawShow details

It’s called Price’s square root law, and it originates from academia. That means Price’s law is pretty accurate. In my example, that means 5 people (square root of 25) should bring in 50% of the sales. On my floor, 4 people brought in about 50%-60% of the sales. Only a handful of people are responsible for the majority of the value creation.

1. Estimated Reading Time: 5 mins

Preview

Posted in: Law CommonsShow details

The ACL is a national law to protect consumers. The Australian Competition and Consumer Commission (ACCC) alongside the state and territory consumer protection agencies jointly administer the ACL. ACL applies to anyone conducting business in Australia, this can include businesses that are overseas.

Preview

Posted in: Business Law, Consumer LawShow details

Sometimes a business may have two different prices on display for the one item. A business that displays more than one price for the same good must either: sell the goods for the lowest displayed price, or withdraw the goods from sale until the price is corrected. Related information: Displaying pricesLegislation: Australian Consumer Law section 47 What is a displayed price?

Preview

Posted in: Form Law, Business LawShow details

There are many different laws and complex procedures which may relate to your legal situation. Our free legal enquiry service covers all legal matters on every area of the law - no matter how large or small.. Legaladvice.com.au™ understands your need for legal advice and will help you obtain the legal advice you need to pursue your legal rights and legal remedies.

Preview

Posted in: Law CommonsShow details

Once again the workers of Quebec are pointing the way forward for the rest of Canada. From over 100 000 taking to the streets of Montreal on May Day to the occupation of an Alcan smelting plant north of Montreal, now Quebec has become the first place in North America in which a Wal-Mart store […]

Preview

Posted in: Law CommonsShow details

Posted on July 12th, 2007 ( 2 Comments) The U.S. Supreme Court recently overturned a 96 year old law preventing manufacturers from setting minimum prices. As a result, manufacturers can now dictate to retailers what minimum price they can charge for their products. Many have criticized this decision as being bad for consumers.

Preview

Posted in: Consumer LawShow details

High Quality, Low Prices. LegalWebPro takes pride in having the lowest prices for legal websites in the industry. When you become a LegalWebPro client, you get all of our features, a custom domain, custom email accounts, basic search engine optimization, access to the Design Team, and much more for only a one-time setup fee of $49.95 and a low monthly payment of …

Preview

Posted in: Industry Law, Sea LawShow details

Salary Increases. The survey found that 58% of staff can expect to have a modest salary increase in 2018. Around 28% can expect an increase of above CPI. 30% can expect to have a CPI increase. 14% can expect either a below CPI increase or a wage freeze. 3% of employees can expect a wage freeze. This represents a 4 year low in salary increases

Preview

Posted in: Industry LawShow details

The Law of One Price is based on several assumptions, which include free competition in the markets, the absence of trade restrictions, and price flexibility Price Elasticity Price Elasticity measures how the quantity demanded or supplied of a good changes when its price changes. Learn more in this resource by CFI.

Preview

Posted in: Law CommonsShow details

Pricing for law firms or even major consultancy firms is not easy. Price your final client contracts too high, and you’ll lose some of your most high-value clients. Price them too low, and you’ll be forced to work too few staff to the bone to cut costs. Sooner or later, you’ll need to strike the right balance in your deal pricing for clients.

Preview

Posted in: Contract LawShow details

In Western Australia you can contact the Department of Mines, Industry Regulation and Safety (Consumer Protection) if you need advice or want to lodge a complaint. Conciliation Process If you make a complaint, Consumer Protection will speak to the shop or business involved on your behalf and attempt to reach an acceptable solution for you.

Preview

Posted in: Contact Lawyer, Business LawShow details

Price ranges: $8 - $42; $43 - $71; $71+ *The pricing included is for the entry-level/lowest-priced offering that was found on vendor websites on April 14, 2021. These ranges correspond to 25th, 75th, and 100th percentile of the pricing information …

Preview

Posted in: Form LawShow details

This might include the price they are selling an item for now and: the price at which they previously sold that item (‘was/now’ pricing) the ‘cost’ or wholesale price; a competitor’s price; the recommended retail price (RRP). It’s against the law for businesses to mislead consumers about the price of an item or service.

Preview

Posted in: Business Law, Consumer LawShow details

Price of a share of common stock on the date shown. Highs and lows are based on the highest and lowest intraday trading price. Prices Free Online Dictionary of …

Preview

Posted in: Law CommonsShow details

If a firm is committed to paying premium rent, having traded rent free for a period, this should be reflected in value. In the circumstances where some partners are landlords and others tenants, a commercially reasonable lease – reflecting fair market value – should be in place.

Preview

Posted in: Business Law, Commercial LawShow details

Please leave your comments here:

Related Topics

New Popular Law

Frequently Asked Questions

What is prices law?

Price’s law says that 50% of the work is done by the square root of the total number of people who participate in the work. I learned about Price’s law when I watched a lecture by Dr. Jordan Peterson, psychology professor, and author of 12 Rules For Life.

Can a business charge a price without being regulated?

Businesses may charge what they see as a fair and reasonable price, except when pricing is regulated or otherwise fixed. There are also laws against businesses colluding to inflate or control prices. This is known as cartel conduct or price fixing. A business is generally not obliged to list or display its prices.

What is the best legal software for law firms?

Litify is the all-in-one, next-generation legal software solution. Designed for medium to large-scale law firms, Litify enables every team member to do their best work.

Should manufacturers be able to set minimum prices?

The U.S. Supreme Court recently overturned a 96 year old law preventing manufacturers from setting minimum prices. As a result, manufacturers can now dictate to retailers what minimum price they can charge for their products.

Most Popular Search