Consultant form of collateral warranty (with optional step-in clauses)
Consultant form of collateral warranty (with optional step-in clauses)

The following Construction guidance note provides comprehensive and up to date legal information covering:

  • Consultant form of collateral warranty (with optional step-in clauses)
  • Parties
  • Recitals

Date [insert date] 20[insert year]

Parties

  1. 1

    [insert name of Consultant] (Company Number [insert company number]), whose registered office is at [insert address] (the ‘Consultant’); [and]

  1. 2

    [insert name of beneficiary] (Company Number [insert company number]), whose registered office is at [insert address] (the ‘Beneficiary’, which expression shall include successors in title and any permitted assigns)[; OR .]

  1. 3

  2. [[insert name of Employer ] (Company Number [insert company number]), whose registered office is at [insert address] (the ‘Employer’).]

Recitals

  1. (A)

    [[insert name of Employer] (Company Number [insert number]) whose registered office is at [insert address] (the ‘Employer’) OR The Employer] has appointed the Consultant under an appointment dated [insert date] (the ‘Appointment’) to perform [insert details of services] services (the ‘Services’) at the development known as [insert details] (the ‘Project’).

  2. (B)

    The Beneficiary has agreed to [provide finance in connection with OR purchase a freehold interest in OR enter into a lease for [insert details] at] the Project.

  3. (C)

    The Consultant has agreed to execute this Deed in favour of the Beneficiary

Now in consideration of the payment of £1 (receipt of which is hereby