When a cap on liability is not what it seems

When a cap on liability is not what it seems

When a cap on liability is not what it seems The court of appeal have recently handed down a judgment which highlights the importance of ensuring the terms of your contract are clearly drafted. If they are not, you may find yourself in a position where your liability...
Common Questions from Developers on Residential Leases

Common Questions from Developers on Residential Leases

Common Questions from Developers on Residential Leases The current leasehold reform is changing the landscape of residential new build plot sales, both in terms of substance and policy. It is understandable therefore, that when property developers are readying their...
Late payers could face robust penalties

Late payers could face robust penalties

Late payments have been the scourge of small and medium size businesses (SMEs) for many years but despite the introduction of legislation to deal with the issue, it has not gone away. Unfortunately, businesses in the construction industry are particularly badly...
Companies failing to report payment practices

Companies failing to report payment practices

For more than two years now, large businesses have been legally obliged to publish their payment performance twice-yearly. The Reporting on Payment Practices and Performance Regulations 2017 were introduced as part of the government’s drive to increase transparency...
Impossible to perform a contract – are you still liable?

Impossible to perform a contract – are you still liable?

What happens when it has become impossible for a business to perform its contractual obligations and there is a force majeure or exemption clause in the contract? Unfortunately, the non-performing party could face having to pay out a significant amount of damages to...
Construction: When an unsigned contract binds the parties

Construction: When an unsigned contract binds the parties

A word of warning to those carrying out works without a fully signed and executed contract in place! The fact that one party has not formally executed a contract does not automatically mean no binding agreement has been reached. This is the vital lesson for businesses...