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Does your contract involve a trust
When you sign a residential building contract that involves a trust, there are a unique set of considerations that every builder needs to think about (that aren’t an issue when you’re inking a deal with a company, partnership or individual).
What is a trust? Established by a trust deed, it’s a legal relationship between settlors, trustees, and beneficiaries. You can’t contract with a trust, though – only with the trustee. So, it’s very important to know how a trust works, and what you need in the agreement.
We guide you through the best (and safest) way to sign with a trust via a trustee in this expert-led article. We answer important questions, including: who has the authority to sign? Can a trustee use a trading name? When should I be wary of limited liability? Arm yourself with the correct knowledge, right now.
Access this resource now
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Who is it for?
Builders, homeowners, and stakeholders in Australia
How to sign a residential building contract with a trustee and our frequently asked questions.
What does it include?
- What is a trust and trustee
- Trustee authority
- Correct contract terminology
- Trustee trading names
- ABN vs. ACN
- Signing the contract.