Legal Categories of Claims Debt and statutory debt The word “ Debt” is used to describe the amount owed by one person to another person , and also describe a legal category of claim. The cause of action is said to be “debt”. For example, a loan of money creates a debt. The lender who …
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Construction Claims – Understanding and Managing Disputes in Projects Construction Claims | Management Issues, Common Type of Claims Learn effective strategies to manage construction disputes, reduce risks, and ensure smooth project completion. Construction Claim can be defined as a request by either party to the contract, usually the Contractor, for compensation for damages caused by …
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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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