Page Tags: Breach of contract

The Basis of Contracting

The Basis of Contracting What is Contract? A legal document that states and explains a formal agreement between two different people or groups, or the agreement itself. What Is a Legal Contract? Legal purpose.  A contract must have a legal purpose to be enforceable. For example, Steve hires Paul to kill Susan. Steve drafts an agreement outlining Paul’s responsibilities, namely to acquire a gun and shoot Susan in the head. …

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Suspension and Termination of Contracts

Suspension and Termination of Contracts

Suspension and Termination of Contracts The construction industry operates within a complex legal framework that encompasses various regulations, legal requirements, and technicalities. Within this intricate landscape, the concepts of suspension and termination of contracts play a pivotal role in governing the relationships between the parties involved. This paper delves into the significance of these concepts …

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Contractual

Contractual Issues

Contractual Problems and Solutions Contractual Problems An overview of common provisions and contractual issues for organizations. A contract is a binding agreement between two or more parties, defining the expectations of each participant. This legally enforceable arrangement should make doing business easier – however underlying issues can lead to disputes. Here are four tips to …

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Rights and Obligations of Parties under Contract

obligations

Rights and Obligations of Parties under Contract Duties Overview, Sample Clause  The best way to define contractual obligations is to say that they are the legal responsibilities of each party involved in a contractual agreement. In a contract, both parties will exchange an item or service of value, but certain expectations must be met in …

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Arbitration

arbitration-dispute

Arbitration Adjudication, mediation, mediator, negotiation, conciliation, intervention ADR | Alternative Dispute Resolution | Procedure What is Arbitration?  Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute …

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Can a Contractor Claim for Loss of Profit ?

Loss of Profits

Can a Contractor Claim for Loss of Profit ? Claim under standard forms of contract  All standard Forms of Contract provide for the Architect or the Engineer to order variations to the Works, and such variations may include omissions. Whenever variations are ordered that omit work, and particularly if such omissions are substantial in nature, contractors …

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Interest and Damages

Interest and Damages. Damages in Construction Claim | Interest  Interest is either interest as a component of the claim, or interest after the award. Each is for different period of time. the rates may also different. Interest can be a very substantial component of the claim. Sometimes, by the time the claim comes to trail, …

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Damage Quantification Experts

Damage Quantification Experts Damage Quantification Experts Direct & Indirect Construction Claims Construction claims are often the result of cost overruns, time delays or construction defects, all of which are qualitatively visible. Quantification of damages associated with construction claims is a diligent effort, as they are often intertwined between various aspects of the project, such as …

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