Remove legal terms
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ACCC warns franchisors: fix unfair contract terms or face court

Inside Retail

Franchisors should review and amend unfair terms on their standard form contracts or else face legal action, the Australian Competition and Consumer Commission (ACCC) has warned. ACCC Deputy Chair Mick Keogh said every franchising agreement the consumer watchdog reviewed contained potentially unfair terms.

Consumer 263
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Asic sues PayPal over unfair contract term with businesses

Inside Retail

PayPal Australia is facing legal proceedings lodged by the Australian Securities & Investment Commission (Asic) after discovering an unfair term in the company’s contracts with small businesses. The term appears in PayPal’s User Agreement, one of several documents that form its contract with Australian business account holders.

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The Dark Side of the Surveillance Economy and What Retailers Should Do About It

Retail TouchPoints

A lot of the stuff that people are doing now is going to be illegal, and the only companies that will be able to survive the amount of legal fees and penalties [coming down the pike] are going to be huge companies. Meanwhile, if it is legal, then yeah, you have a fiduciary duty to maximize your shareholders’ value.

Consumer 270
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Selling a Probate Property As-Is vs. Renovation: Pros and Cons

Retail Focus

When an individual passes away, their property often enters a legal process known as probate. The options typically boil down to selling the property as-is or undertaking renovations before putting it on the market. ” The short answer is that it depends on the legal jurisdiction and specific circumstances of the estate.

Marketing 130
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Bath & Body Works adds Independent Director Recommended by Activist Investor

Retail TouchPoints

Kuhn is currently Managing Member of investment firm Doorbrook LLC and will bring experience in financial, legal and corporate governance to the board. Kuhn as a new independent member of its Board of Directors at the recommendation of activist investor Third Point, which holds a 6% stake in the retailer.

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Gift Card Lawsuits Can Be Avoided — Here’s How

Retail TouchPoints

If your company is like most, one very important aspect of managing your gift card program may be overlooked, or at least not be given the attention required — state regulatory and legal compliance. Unfortunately, for brands selling across all 50 states, the answer is that all 50 states should be analyzed and considered by your legal team.

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Blue Apron Acquired by Marc Lore’s Wonder Group for $103 Million

Retail TouchPoints

Under the terms of the merger agreement, Blue Apron stockholders will receive $13 in cash per share of Class A common stock through a tender offer, an equity value of approximately $103 million. The terms of the acquisition were unanimously approved by Blue Apron’s Board of Directors. The company reported a net revenue decrease of 14.5%

Planning 147