Contract Law - created from Mind Map

Terms Provision for forming part of a contract Expressed Implied written into contract Problems arise from the meaning of these terms not written in contract Four classes of implied terms Statutory implication Necessary implication Custom and usage implication Frustration Implication Housing Grants Regeneration Act 1996 Local Democracy, Economic Development and Construction Act 2009

Money Payment Variations Payment Mechanisms Advance payment Retension Final Account Off site materials Interim Certificates Final Certificate 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 Contract administrator has a 5 day window from due date to issue the notice Must state amount due to contractor from employer Failure is a ground for suspension or termination by contractor

Claims Extension of Time Liquidated Damages Money Claims 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 Contractors Duties Architects Duties In breach if fails to do so

Contract Law