The hirer must pay at the agreed time the rent1 agreed upon for the use of the chattel hired. His failure to do so is a breach of contract which entitles the owner to sue for damages and may, in an appropriate case, entitle the owner to bring the bailment to an end and retake possession of the chattel. A persistent failure to pay rent, which evinces an intention no longer to be bound by the contract, will generally be construed as a repudiation of the bailment entitling the owner to retake possession of the chattel and to claim
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Practical completion marks the end of the construction period of a project, when the works are 'finished' and the employer can occupy and/or use them. Practical completion also typically marks the start of the defects liability period/maintenance period.As explained below, practical completion is an
Coronavirus (COVID-19): During the current pandemic, legislation and changes to practice and procedure in the courts and tribunals have been introduced, which affect the following:•proceedings for possession•forfeiture of business leases on the grounds of non-payment of rent•a landlord's right to
This Practice Note considers the meaning and use of conditions precedent in commercial arrangements. It also considers typical conditions precedent and drafting issues.What are conditions precedent?A condition precedent in a commercial contract details an event which must take place before:•a
Tipping off and prejudicing an investigationIt would undermine the benefit to the authorities if, a suspicious activity report (SAR) having been made, the alleged offender were to be made aware of the interest in their activities so that they could take steps to cover up their misdeeds or disappear.
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