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. …
Permanent link to this article: http://www.e-basel.com/contractual/the-basis-of-contracting/
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 …
Permanent link to this article: http://www.e-basel.com/contractual/suspension-and-termination-of-contracts/
Pricing variation Variation In Writing Because of the many different categories of legal claim made under the heading of variation claims, there are many ways in which the so-called variations are priced. The most straight forward variation claim is that based on debt. For example a contract may provide that if the owner directs the …
Permanent link to this article: http://www.e-basel.com/project-management/pricing-variation/