Understanding Liability for Omitted Work in Construction Contracts Introduction Imagine this: You’re a contractor who has spent countless hours and substantial resources preparing for a project, only to find out that a significant portion of the work has been omitted from your contract and given to another contractor. It’s a frustrating and all-too-common scenario in …
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What is the Difference Between a Fitness for Purpose Responsibility and an Obligation to Exercise Reasonable Skill and Care? Imagine you’re a constructor building a bridge. You’ve done your calculations, followed standard procedures, and ensured every detail is in order. But what happens if the bridge collapses? Who’s responsible? This scenario highlights a critical …
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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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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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