Sub-Contractor Collateral Warranty in Favour of a Beneficiary with optional step in rights
Sub-Contractor Collateral Warranty in Favour of a Beneficiary with optional step in rights

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

  • Sub-Contractor Collateral Warranty in Favour of a Beneficiary with optional step in rights
  • Whereas
  • 1 Sub-contractor warranties and undertakings
  • 2 Deleterious materials
  • 3 Approvals
  • 4 Copyright
  • 5 Professional indemnity insurance
  • 6 Instructions
  • 7 Step-in rights
  • 8 Assignment
  • More...

This Deed is made on [insert date] day of [insert month] 20[insert year]

Parties

  1. 1

    [insert name of Sub-contractor] (Company Number [insert company number]) whose registered office is at [insert address] (the ‘Sub-Contractor’); [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 assignee)[; and OR .]

  1. 3

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

Whereas

    1. (A)

      [[[insert Employer’s name]] (Company Number [insert number]) whose registered office is at [insert address] (the ‘Employer')) OR The ‘Beneficiary]’ has entered into a building contract dated [insert date] with [[where the Contractor is not a party to the warranty, insert name of Contractor] (Company Number [insert number]) whose registered office is at [insert address] (the ‘Contractor’) OR the Contractor] (the ‘Building Contract’) relating to the[ design and] construction of certain works as defined under the Building Contract (the ‘Works’) in connection with the development known as [insert name] (the ‘Project’).

    1. (B)

      The Sub-Contractor has entered into a contract dated [insert date of sub-contract] with the Contractor (the ‘Sub-Contract’) relating to the [design and ]construction of [insert details of the sub-contract works] (the ‘Sub-Contract Works’) in connection with the Project.

    1. (C)

      The Beneficiary has agreed to [provide finance in connection with OR

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