Q&As
In relation to copyright clauses within collateral warranties, what is meant by ‘Such licence shall entitle the Beneficiary to use and reproduce the Copyright Materials for an extension but such use shall not include a licence to reproduce the designs contained in them for any such extension’?
A Collateral warranty is a contract which is collateral to (or sits alongside) an underlying or primary contract. In construction, a collateral warranty is typically collateral to either a building contract, consultant’s appointment or subcontract. The warranty creates a contractual link where there wouldn’t normally be one, thereby enabling a third party, such as, for example, a purchaser or tenant, who owns or occupies recently completed buildings, to have a direct contractual relationship with a construction team member. That third party can then rely upon the
To view the latest version of this document and thousands of others like it,
sign-in with LexisNexis or register for a free trial.