TLC Topic: Types of contract

A red sign on a farm gate. The white text says "beware of the bull" in capital letters. The sign is attached using plastic ties. A gravel path and greass lead into the background.

#24: It’s tricky

On this day in 1659, the first known British cheque was written for £400, or nearly £80,000 in today’s money. A cheque is a great example of using an expert (the bank) to carry out a task (paying someone) on your behalf. Read the full edition here Tricky Legal Conundrum

February 16, 2023

A photograph with a thick red firbe tip pen facing downward over a piece of paper marked CHECKLIST. There is a thick red tick in a box against performance bond.

#4: There’s no real benefit

This edition looks at another type of tiny little contract… the performance bond. Bonds are often used as a tick-box exercise without providing any real benefit to the parties. So, what’s my beef with them and what can you do about it? Read the full edition here Bad Timing, Limited

May 27, 2021

A photograh with a miniature supermarket trolley on the lft next to a white rectangular box with a wide black shiny ribbon tied in a bow.

#3: Tiny little contracts

This edition looks at tiny little contracts … or at least that’s what collateral warranties are meant to be. Read the full edition here Time-Bound, Limited and Collateral? If you’re not in the construction industry you may not know what a collateral warranty is. You can think of them as

April 29, 2021

TLC Topic: Types of contract

#24: It’s tricky

#4: There’s no real benefit

#3: Tiny little contracts

Categories

Dealing with unexpected