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

Case Study, ExplainerLeave a comment

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…

Details

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

Case Study, ExplainerLeave a comment

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,…

Details

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

Case Study, ExplainerLeave a comment

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…

Details

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.

Case Study, ExplainerLeave a comment

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…

Details

Your Customer Cannot Refuse To Take Delivery: Draft Your Contracts To Ensure Your Get Compensated Quickly

Case Study, ExplainerLeave a comment

This article discusses clauses that suppliers of goods and services should incorporate into their contracts to rapidly recover compensation when the purchasers of the goods and services breach the contract by refusing to accept delivery. The article stresses the importance of suppliers’ need to ensure that their agreements give specific delivery times or schedules so…

Details