Back to back agreements A back to back agreement is used in commercial arrangement where you enter into a contract with a third party and some or all of your duties and obligations are to be performed by a third party, or you are reliant on the actions of a third...
Benefits of having a contract in place If you have a good relationship with your counterparty you may be comfortable entering into a relationship based on a “gentlemen’s” agreement or a more informal agreement than a written agreement. However, we would always...
Commercial Contracts: Negotiating out of problems How to develop a strategic approach to problems? When issues arise in respect of contracts, before rushing into any decisions and potentially worsening both your commercial and legal position as a business you must...
Contract Variations – how to implement them correctly Parties may agree to vary the terms of a contract by mutual agreement, one party may have the unilateral right to amend some or all of the terms, or there may be a contractual process that the parties are required...
COVID-19 and force majeure clauses: the position moving forward What is a force majeure clause? A force majeure clause typically excuses one or both parties from performance of the contract in some way following the occurrence of certain events. There is no set form...
An overview of Force Majeure clauses What is a force majeure clause? A force majeure clause typically excuses one or both parties from performance of the contract in some way following the occurrence of certain events. There is no set form of force majeure clause...
