| Commentary

15.2 Uses of schedules

| Commentary

15.2 Uses of schedules

Uses of a schedule include:

  1. (a)

        setting out the details for work to be carried out under a contract, for example:

    1. (i)

          a detailed description of the work;

    2. (ii)

          standards or acceptance criteria;

    3. (iii)

          a detailed timetable for completion of the work; and

    4. (iv)

          a detailed payment schedule;

  2. (b)

        setting out the agreed form of any documents to be executed after signature of the main agreement;

  3. (c)

        setting out information, such as a list of the patents which are the subject of a licence agreement, or technical specifications. Agreements for the sale of companies often

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