Entire Agreement: General Provisions in EPC Contracts

Description

This Skill Bit shows, that all contracts should explicitly state the following: Supersession of prior agreements; Client’s reliance only on specified representations; Preservation of other provisions if one is declared invalid; Agreed language for technical, commercial, and dispute resolution aspects; Exclusion of third-party rights; Requirement of written, signed amendments; Specification of notice addresses and communication means; Conditions for assignment of rights and obligations; Definition and consequences of force majeure events; Non-waiver clause for enforcement failures; Designated governing language; Ability to execute in counterparts; Clarification that headings are for convenience only.

Duration approx. 3 Min.

Tier: advanced