A breach of contract in general terms occurs when one party to a legally binding agreement fails to fulfill their obligations as stipulated in the contract. This failure can manifest in various forms, such as not performing as agreed, not performing on time, or not performing at all. Breaches can be categorized into material or fundamental breaches, minor or partial breaches, and anticipatory breaches.
Breach of Contract definition Read More »
In the realm of construction contracts, particularly under the FIDIC Yellow Book 1999, the concept of liquidated damages is pivotal. Clause 8.7, focusing on Delay Damages, is a key provision that governs the consequences of delayed project completion.
Liquidated Damages/Delay Damages: A Deep Dive into FIDIC’s Clause 8.7 Read More »
Clause 15.4 in the FIDIC Yellow Book 1999 outlines the procedures and obligations regarding payments after the termination of a contract. This clause becomes relevant when a contract is terminated, particularly under the provisions of Sub-Clause 15.2 [Termination by Employer].
Dodge Conflict: Navigate Contract Termination Settlements Like a Pro Read More »
Here's a deep-dive comparison of Clause 20.4 from the FIDIC Yellow Book 1999 and Sub-Clause 21.4 from the 2017 Edition, both dealing with how a party can obtain a decision from the Dispute Adjudication/Avoidance Board (DAB/DAAB). Let’s unpack this in a lively, comprehensive, and super-detailed way.
