Introduction: In the realm of business, risk is an inherent part of every contractual agreement. Contracts outline commitments and obligations, but they also define how risks are allocated and shared among the parties involved. Effective…
Introduction: In the intricate world of business contracts, risks are omnipresent, and they come in various forms. To safeguard against unforeseen circumstances and to ensure the fulfillment of contractual obligations, organizations often turn to insurance…
Introduction: In the dynamic world of business, unforeseen events and disasters can disrupt operations and impact the sustainability of organizations. This is where business continuity and disaster recovery plans come into play. They provide a…
Introduction: Contracts are the bedrock of business relationships, laying out the terms, obligations, and expectations of all parties involved. However, every contract carries inherent risks that can disrupt operations and result in financial losses or…
Introduction: In the intricate dance of business, contracts serve as the written promises that shape relationships and responsibilities. However, beneath the surface of these agreements lie various risks that can disrupt operations and impact profitability….
EPC (Engineering, Procurement, and Construction) contracts are all about shared responsibility. However, certain unforeseen site conditions can throw a wrench into the works. To manage these situations, EPC contracts often exclude or limit the contractor’s…
In the world of Engineering, Procurement, and Construction (EPC) contracts, contractual remedies play a crucial role. This blog post explores the types of remedies typically available to contractors and their implications. When Things Go Wrong:…
In the world of Engineering, Procurement, and Construction (EPC) contracts, the Contractor’s Default clause plays a vital role in protecting the owner. Let’s explore this clause’s key components and implications. A Safety Net for the…
In Engineering, Procurement, and Construction (EPC) contracts, disclaimers of specific warranties, like merchantability and fitness for purpose, are common strategies for managing the contractor’s liability. Let’s delve into the implications of these disclaimers. Beyond Expectations:…
