Has your Deed of Covenant and Assurance been updated? Could you be held personally liable to financially cover liquidation?
Have you been asked to provide a Deed of Covenant to the QBCC for a QBCC licence holder?
Signing this type of Deed can create a significant liability for the party signing it. It is essential that anyone being asked to sign this type of Deed obtain legal advice about the Deed and the obligations it creates.
If you would like tailored, expert legal advice regarding your legal obligations or complying with a Deed of Covenant, contact one of our construction lawyers for further information or advice.