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Question: Fe Technology Pty Ltd is a client of your firm. The director. Finnigan O'Brien has come to you for advice regarding the following issues in relation to his business. The company recently sued a competitor Low Tech Pty Ltd for theft of its intellectual property. The company spent $126,000 in legal and advisory fees. Prior to going to court, Low Tech Pty Ltd agreed to settle and paid to Fe Technology Pty Ltd an amount of $800,000. The settlement agreement was signed on 15 June 2022. However payment was not received until 15 July 2022. Use relevant case law and legislation in NSW, Australia to justify your answer.
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