Principals Can Rapidly Recover Compensation For Losses Caused Due to Negligence By Their Agents. No Long And Expensive Trials Necessary

This article discusses drafting solutions to enable principals to rapidly recover compensation from their agents for losses caused by the agent’s negligence. The article focuses on the importance of ensuring that the agency agreement defines the method of computing the compensation the agent would have to pay if he is found to be negligent. Keywords: Agency…

Guarantors Of Loans Or Suppliers’ Credit Or Performance Can Recover Their Losses From The Defaulting parties. Provided Their Guarantees Include These Clauses

With the help of an illustrated example, this article discusses drafting solutions that guarantors can incorporate into their guarantee agreements to rapidly recover from the principal debtor, the amounts paid as part of the guarantee. The article also discusses the advantages of executing loan-cum-guarantee agreements over executing separate loan and guarantee agreements Keywords: Agreement of Guarantee,…

Builders Can Rapidly Get Heavily Compensated For Opportunity Costs If Apartment Buyers Or Property Development Partners Or Lending Banks Fail To Make Payments On Time

This article discusses drafting solutions that lawyers can adopt when drafting joint development agreements for real estate to ensure that their clients can be quickly compensated for opportunity costs if the other party fails to fulfill its obligations. Keywords: Breach of Contract, Reciprocal Promises, Real Estate Development Reference: Indian Contract Act, Section 54, Illustration a Indian Contract…

Builders Will Have To Rapidly Pay Heavy Compensation For Poor Construction Or Delayed Possession. Apartment Or Property Buyers, Or Land Owners Contracting With Builders Must Ensure That Their Contracts Include These Clauses.

This article is an illustrated rapid resolution example that is useful when lawyers draft construction contracts for clients who engage contractors for part or all of the construction work. The article focuses on drafting solutions that enable injured parties to rapidly recover compensation from the contractors for losses, including loss of income caused by the…