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May 10, 2023 · These clauses bind the subcontractor to duties and obligations that are not spelled out in the subcontract, and are instead buried in other contract documents that the subcontractor might not have seen.1 This includes all terms of the Owner and General Contractor (the “GC”) contract, also referred to as the “prime contract”.
Terms and conditions of the contract are not being clearly spelled out to all of the necessary parties To help avoid some of these issues, it is best to ensure that the contract is being drafted by someone who is well-versed in contract law and the appropriate language necessary, and who can also ensure that it is being written in common, everyday language.
Sep 14, 2023 · Express terms. Express terms are clauses in a contract that are explicitly stated and agreed upon by all parties involved. These terms clearly outline the obligations, rights, and duties that each party is expected to adhere to. Unlike implied terms, which may be assumed or inferred, express terms are plainly spelled out in the contract document.
Feb 12, 2024 · When a number is spelled out, it leaves little room for interpretation or ambiguity. For instance, the term "five hundred dollars" unequivocally refers to the numerical value of $500. On the other hand, the numeral "500" might be subject to misinterpretation or confusion, particularly if it's presented alongside other numerals or in contexts where precision is paramount.
Oct 16, 2024 · It is important that both sides are offering something of value. 3. Vague or Ambiguous Terms. If the language in a contract is unclear or open to interpretation, it can lead to disputes and make the contract unenforceable. For example, terms like “soon,” “reasonable,” or “as needed” can mean different things to different people ...
Jul 22, 2024 · More complete contracts spell out in greater detail what each party is entitled to or bound to do. ... Implied contract terms are by definition not explicitly agreed to by the contracting parties ...
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May 8, 2024 · The contract terms, distinct from individual clauses, categorize the remedies available should a breach occur, providing a roadmap for legal recourse. The role of clauses in defining obligations cannot be overstated. They are the specific provisions that spell out the nitty-gritty of what each party is expected to do and provide.
