Rosemary Beales Associat ation for Consultan ancy an and En Engineering THE CASE FOR FORMALITY IN BUSINESS AGREEMENTS
Rationale for formality • Know your contract • Beware bespoke contracts • Incorporation by reference • Advantages of Standard Forms •
• ACE Agreements • Key protections - Risk • Industry norms • Incorporation of bespoke matters • Schedules of Services
Alistair Day Chi Chief ef Co Couns unsel el, UK&I Aecom Ae Key issues for your contrac acts – an an in industry p pers rspectiv ive
Key issues for your contracts – an industry perspective The “Basics” Skill and care – what is appropriate? • Client obligations – what do you need and expect from your client? • Payment terms • Limits on liability: • Overall limit on liability; and • Exclusion of consequential loss • Third Party Reliance/Collateral Warranties •
Key issues for your contracts – an industry perspective Anticipating the unexpected Preserving Intellectual Property rights – why is it important? • Getting risk apportionment right – who should take what risk? • BIM • Dispute resolution – key considerations best addressed at contract negotiation • phase. Never underestimate the Schedule of Services! •
cibse.org/b2plive @CIBSE #Build2Perform
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