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597649
Contract Law
Description
Mind Map on Contract Law, created by ellis1410 on 03/03/2014.
Mind Map by
ellis1410
, updated more than 1 year ago
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Created by
ellis1410
about 10 years ago
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Resource summary
Contract Law
Terms
Provision for forming part of a contract
Expressed
written into contract
Problems arise from the meaning of these terms
Implied
not written in contract
Four classes of implied terms
Statutory implication
Housing Grants Regeneration Act 1996
Local Democracy, Economic Development and Construction Act 2009
Necessary implication
Custom and usage implication
Frustration Implication
Money
Payment
Payment Mechanisms
Interim Certificates
Mechanism for confirming that an installment of contrcat sum in due
Issued at dates within contract particulars,usually 4 week periods
The employer has 14 days from the date of cert in which to pay
Failure is a ground for suspension or termination by contractor
Contract administrator has a 5 day window from due date to issue the notice
Must state amount due to contractor from employer
Final Certificate
Advance payment
Retension
Final Account
Off site materials
Variations
Claims
Extension of Time
Releases obligation to pay LED's
Contractor must submit notice in writing as soon as it thinks it is being delayed, whether his fault or others
In breach if fails to do so
Contractors Duties
Architects Duties
Liquidated Damages
Money Claims
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