Let me introduce you to performance bonds. Despite its name, a performance bond doesn’t guarantee performance – the surety promises to pay up to a specific sum for poor performance, provided the employer gives it enough evidence. If you’d like an analogy, think of them as a type of insurance.
If you’re not in the construction industry you may not know what a collateral warranty is. You can think of them as a ‘gift receipt’. If your aunt buys you a new laptop, she might not want you to know how generous she has been, but she does want you to be able to
According to the World Commerce and Contracting Most Negotiated Terms Report 2024, tricky limit on liability clauses get the most attention during contract negotiations, irrespective of who is in charge! Isn’t that odd? Limitations are only ever relevant when there is a legal dispute and therefore rarely make a difference.
Have you ever accidentally bought something online, or forgotten to cancel an automatic renewal, or found yourself stuck with goods you simply don’t want? Making a contract is so easy we can almost do it in our sleep! But are you making it easy for your clients and suppliers? I
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