Archive for the ‘contract law’ Category

Condition Precedent – what, why, when and how ?

/ April 7th, 2013 / Comments Off on Condition Precedent – what, why, when and how ?

Simply put a condition precedent is a contractual clause which provides that the contract or certain parts of the contract will only come in to force upon the happening of certain conditions. Whilst most common in construction and insurance contracts,

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Collateral warranty

/ March 31st, 2012 / Comments Off on Collateral warranty

What is a collateral warranty? A collateral warranty is a contractual arrangement that is directly connected to another principal contract. In other words, it is “collateral” to the main contractual arrangement. Collateral warranties are particularly popular in the building industry.

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Privity of contract

/ March 29th, 2012 / No Comments »

PRIVITY OF CONTRACT: WHAT DOES IT MEAN? Privity of contract states that under a particular contract, only the original parties are subject to the rights and liabilities of that contract. This means it is only these parties which can sue/be

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