UK Law

Author: W.S.M. Knight

  • Termination Provisions

    Termination Provisions in Contract Formation It is often advisable to include this term in any contract. In Pinsent Mason's words:The circumstances under which the parties can terminate the contract should be stated clearly. The procedure for giving notice to the other party should be in […]

  • Change Of Control

    Change Of Control in Contract Formation It is often advisable to include this term in any contract. In Pinsent Mason's words:During the course of a contract one party may change the structure of their company. In these circumstances the other party may wish to terminate the contract, for […]

  • Description

    Description in Contract Formation It is often advisable to include this term in any contract. In Pinsent Mason's words:A specific description of the goods or services that will be provided under the contract including the level of service if the contract is for services. This section […]

  • Confidentiality

    Confidentiality in Contract Formation It is often advisable to include this term in any contract. In Pinsent Mason's words:Some contracts deal with commercially sensitive information and the parties are likely to want to keep this information confidential. There should be confidentiality […]

  • Intellectual Property Rights

    Intellectual Property Rights in Contract Formation It is often advisable to include this term in any contract. In Pinsent Mason's words:Many commercial contracts include a clause stating who will own the intellectual property rights to any products provided under the contracts. This clause […]

  • Warranties

    Warranties in Contract Formation It is often advisable to include this term in any contract. In Pinsent Mason's words: It is common for the party providing goods or services under a contract to provide certain warranties in relation to the delivery of the goods or services. For example, if […]

  • Applicable Law

    Applicable Law in Contract Formation It is often advisable to include this term in any contract. There should be a clause in each contract indicating which law governs the contract. For example, 'This Agreement shall be governed by and construed in accordance with the laws of Scotland'.

  • Timescale

    Timescale in Contract Formation It is often advisable to include this term in any contract. In Pinsent Mason's words:The specific timescale for the project should be noted including any deadlines that have to be met. This section should include any pre-agreed payments (or liquidated […]

  • Interpretations

    Interpretations in Contract Formation It is often advisable to include this term in any contract. In Pinsent Mason's words:Definitions and Interpretations – If there are any defined terms in the contract this section should provide specific and clear definitions. For example, a Business […]

  • Act of Parliament

    Act of Parliament in the Business Encyclopaedia and Legal Adviser Based on the Business Encyclopaedia and Legal Adviser , by W.S.M. Knight, Barrister –at – Law. Act of parliament is the term applied to an act, wherein the three constituent parts of the sovereign power in this realm, king, […]