It is not easy to be legally excused from performing contractual obligations, but in some circumstances it may be possible.
The COVID-19 outbreak has already had a significant impact on the performance of business to business contracts across the country.
We're covering just two topics very different to each other but both in their own way creatures of this pandemic which is truly dominating our lives. Those topics are sales and lease backs and the recent changes introduced to the planning use classes order
With the property market picking up across the country and interest rates remaining low, property development may seem like an attractive opportunity to make some profit.
Suppliers and customers would ideally prefer to rely on their own respective standard conditions. Sometimes supplier and purchaser present each other with their own standard terms resulting in two conflicting documents jockeying for precedence; the so-called "battle of the forms".
Section 233B of the Insolvency Act 1986 (introduced by the recent Corporate Insolvency and Governance Act 2020) imposes significant changes on supply contracts. In summary, it prevents a supplier from ceasing to supply a customer simply because the customer has become insolvent.
PACT (Professional Arbitration on Court Terms) was introduced by a joint working party involving RICS, the Law Society and the Independent Surveyors and Valuers Association in 1997.
Understanding who you are contracting with may seem simple. However, particularly in the case where you are contracting with a company within a larger group the position may become more complicated.
Solicitors negligence; but would you have done anything different?
Paddy Power Betfair has been fined £2.2 million by the Gambling Commission for permitting stolen money to be gambled.