Extensions of Time What is Extension of Time (EOT)? Extension of Time (EOT) is a delay which could not be reasonably foreseen at the time of contract signing. The granting of an Extension of Time relieves the contractor from liability of damages such as Liquidated Damages from the original date of contract completion for the period …
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Licensing and Building Claims Licensing Legislation In United Arab Emirates each State of Emirates has legislation providing for licensing of some categories of contractors. The legislation in each emirate is completely efferent. It is beyond the scope of this article to examine the differences. That would be an enormous task. However, there are some uniform …
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Categorising Remedies, Damages Expectation damages, reliance damages and restitution. Remedies and damages are legal solutions that can be sought by a party who has suffered harm or loss as a result of a breach of contract or other legal wrongdoing. Three main types of damages are expectation damages, reliance damages, and restitution. Expectation damages: Expectation …
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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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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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Writing the Award – Practice Exercise How to help write an arbitral award Writing an arbitral award for arbitrators – making the process quicker, and hopefully earning the sympathy of the tribunal at the same time. Structure of an award To understand how you can help, you must first know how an award is constructed. …
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The Award General principles Parties resort to arbitration to obtain a final and binding resolution of their dispute. It is the arbitrators’ role to resolve the dispute by deciding all of the disputed issues and recording their decision in a document, called an arbitral award. Arbitral awards should be prepared with the greatest care to …
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Conduct of the Proceedings The purpose of the arbitration hearing is to give each party a full and fair opportunity to present its case to the arbitrator. At the hearing, a party to the arbitration has a right to be heard, to present evidence material to the controversy, and to cross-examine witnesses appearing at the …
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Applicable Law Applicable law in UAE What is Applicable Law is? When questions of procedure are settled, the principal task of any arbitral tribunal is to establish the material facts of the dispute. It does this by examining the agreement between the parties, by considering other relevant documents (including correspondences, minutes of meetings and so …
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Contract Law Overview of Legal Terminology and Basic Contract Law BASIC PRINCIPLES OF ENGLISH CONTRACT LAW What a contract is? Contract is probably the most familiar legal concept in our society because it is so central to the essence of our political, economic, and social life. In common parlance, contract is used interchangeably with agreement, bargain, undertaking, or deal. …
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