EPC Contracts: Exclusivity of Remedies provided
This Skill Bit shows, that in an EPC contract, an “exclusive remedies” provision restricts parties to only seek recourse as outlined in the contract in case of breach or defect. This clause aims to streamline dispute resolution by delineating clear rights and obligations for both parties, minimizing potential conflicts.
Duration approx. 1 Min.
Tier: advanced
A part of Contracts – Mastering EPC Key Clauses course.