Contract Law

Description

Mind Map on Contract Law, created by ellis1410 on 03/03/2014.
ellis1410
Mind Map by ellis1410, updated more than 1 year ago
ellis1410
Created by ellis1410 about 10 years ago
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Resource summary

Contract Law
  1. Terms
    1. Provision for forming part of a contract
      1. Expressed
        1. written into contract
          1. Problems arise from the meaning of these terms
          2. Implied
            1. not written in contract
              1. Four classes of implied terms
                1. Statutory implication
                  1. Housing Grants Regeneration Act 1996
                    1. Local Democracy, Economic Development and Construction Act 2009
                    2. Necessary implication
                      1. Custom and usage implication
                        1. Frustration Implication
                  2. Money
                    1. Payment
                      1. Payment Mechanisms
                        1. Interim Certificates
                          1. Mechanism for confirming that an installment of contrcat sum in due
                            1. Issued at dates within contract particulars,usually 4 week periods
                              1. The employer has 14 days from the date of cert in which to pay
                                1. Failure is a ground for suspension or termination by contractor
                                2. Contract administrator has a 5 day window from due date to issue the notice
                                  1. Must state amount due to contractor from employer
                                  2. Final Certificate
                                  3. Advance payment
                                    1. Retension
                                      1. Final Account
                                        1. Off site materials
                                        2. Variations
                                        3. Claims
                                          1. Extension of Time
                                            1. Releases obligation to pay LED's
                                              1. Contractor must submit notice in writing as soon as it thinks it is being delayed, whether his fault or others
                                                1. In breach if fails to do so
                                                2. Contractors Duties
                                                  1. Architects Duties
                                                  2. Liquidated Damages
                                                    1. Money Claims
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