Imagine you own a patisserie in London and part of your shopfront falls onto a passing pedestrian (a whole family of them). If you had recently had works done to your shopfront then, as the shopowner who is good with patisserie and not really a connoisseur of construction, you might
You may have heard that under English laws, individuals and companies have ‘freedom to contract’. But what does that jargon mean? Freedom to contract has several aspects: you can choose whether you enter into a contract, and with which persons (party freedom, or freedom to contract); you can choose the
Being the recipient of a bond is a little like being given a betting slip. The bond, of which you are now a proud owner, promises much. It may even be the key to huge wealth. Or, in the end, it may prove to be a worthless piece of paper.
A bond is a contract which allows the recipient (the employer) to bring a claim against the bondsman (a bank or insurance company) if a ‘trigger event’ occurs during the construction project. The precise rules for bringing a claim depend on the words of the bond itself. Getting paid under