Page Tags: Legal obligations

The Impact of Good Faith Principle on Construction Contracts

Good Faith Principle

The Impact of Good Faith Principle on Construction Contracts: A Comprehensive Analysis Introduction The principle of good faith has emerged as a pivotal factor with far-reaching implications in various contractual arrangements. While it is widely acknowledged in most civil legal systems as a fundamental principle, its definition within the construction industry remains limited. Notably, common …

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Rights and Obligations of Parties under Contract

obligations

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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Permanent link to this article: http://www.e-basel.com/project-management/rights-and-obligations-of-parties-under-contract/