Contract Clarity Clear and unambiguous contracts are essential for avoiding disputes in construction projects. A well-drafted contract should include clear descriptions of the scope of work, timelines, and payment terms. The contract should also specify the responsibilities of each party and the dispute resolution mechanism to be used in the event of a dispute. Clear …
Permanent link to this article: http://www.e-basel.com/contractual/contract-clarity/
Construction Contracts A construction contract serves as a crucial legal document that establishes a binding agreement between the owner and the builder. It ensures that the executed job will receive a specific amount of compensation or clarifies how the compensation will be distributed. In the construction industry, where projects can involve substantial investments, complex operations, …
Permanent link to this article: http://www.e-basel.com/contractual/construction-contracts/