Page Tags: obligations

The Basis of Contracting

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. …

Continue reading

Permanent link to this article: http://www.e-basel.com/contractual/the-basis-of-contracting/

Claims Under FIDIC Contract

Claims under fidic

Claims Under FIDIC Contract CLAIMS UNDER THE NEW FIDIC CONDITIONS OF CONTRACT Conditions of Contract for Construction, FIDIC Forms. It is known as ‘the Red Book’. The FIDIC Conditions are used extensively on international construction projects, notably for major  infrastructure work. The FIDIC Forms are used on projects funded by the World Bank, and the drafts …

Continue reading

Permanent link to this article: http://www.e-basel.com/fidic-rainbow-suite/claims-under-fidic-contract/

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 …

Continue reading

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