Collateral warranties and bonds clauses

Collateral warranties and bonds clauses guidance:

Assignment 1 The Beneficiary may at any time assign, charge or transfer the benefit of and/or any rights under this Deed to any entity taking the interest of the...

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Contributive liability 1 In the event of any breach of any of the terms of this Deed where the Beneficiary has claims or would have claims had it obtained similar...

Precedents

Collateral warranties Consultant 1 The Consultant shall, within 14 days of the Employer's request to do so, execute and deliver a collateral warranty in favour of any...

Precedents

Copyright licence 1 The copyright in all documents and information prepared by or on behalf of the Consultant in relation to the Project including, without limitation,...

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Deleterious materials 1 The Consultant warrants to the Beneficiary that: 1.1 any materials which the Consultant specifies or authorises for use in the construction of any...

Precedents

Exclusion of losses 1 In the event of a breach of this warranty the Contractor shall only be liable for the reasonable costs of repair, renewal and/or reinstatement of...

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Further warranties 1 The [Contractor/Consultant] shall, as and when the Beneficiary from time to time requires, whether before or after completion of the [Works/Services]...

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Net contribution 1 [The Contractor’s liability under this Collateral Warranty shall be limited to that proportion of the direct costs of repair, renewal and/or...

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No greater liability Consultant warranty 1 The Consultant warrants and undertakes to the Beneficiary that the Consultant has observed and performed and will continue to...

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Performance bond 1 The Contractor shall immediately on execution of this Contract procure and deliver to the Employer a performance bond in a sum equal to ten per cent...

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Professional indemnity insurance 1 The [warrantor] shall take out and maintain from the commencement of the [Services OR Works] and for a period of [6 OR 12] years from...

Precedents

Performance bonds and guarantees 1 The Contractor shall, immediately upon the execution of this Contract, provide to the Employer: 1.1 a performance bond or guarantee of...

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Step-in rights 1 The Contractor agrees that it will not without first giving the Beneficiary not less than [twenty-eight (28)] days’ notice in writing exercise any right...

Precedents
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