JCT Standard Building Contract (Without Quantities)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
🏷️ Building contractBusiness activity
Build without quantitiesA building contract is a legal agreement between a homeowner and a contractor that outlines the scope of work, timeline, and cost of a home improvement project. The contract should include provisions for payment, change orders, and a dispute resolution process. A well-written contract protects both the homeowner and the contractor by clearly defining the expectations and responsibilities of each party.
The contract primarily focuses on the overall management and execution of the construction works, outlining the conditions, specifications, and requirements that need to be met by the contractor. As the name suggests, this particular template does not include detailed quantity measurements but provides a framework for the construction project as a whole.
Key provisions covered in this contract include responsibilities for the completion of the works, the management of variations and extensions of time, determination of the contract sum, and insurance requirements. It also outlines payment terms and mechanisms, addressing issues related to interim payments, retention, and final account settlements.
Additionally, the contract addresses matters concerning design responsibility, compliance with applicable laws and regulations, and coordination with any stakeholders involved in the project, such as architects and engineers. It also highlights procedures for dispute resolution, including alternative dispute resolution mechanisms and potential referral to arbitration.
Ultimately, this legal template provides a standardized framework that ensures the successful delivery of construction projects while offering protection for all parties involved, promoting fair and efficient project management, and reducing the potential for disputes or legal challenges.
How it works
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
Similar legal templates
UK Website Terms and Conditions (Terms of Use)
Publisher
Genie AIJurisdiction
England and WalesUnderlease Notice
Publisher
Genie AIJurisdiction
England and WalesTrust Deed For Tax-Advantaged Share Incentive Plan
The purpose of this trust deed is to enable employers to share ownership of their company with employees by providing an incentive scheme that offers tax advantages. It helps align the interests of employees with those of the company, fostering employee loyalty, motivation, and long-term commitment.
The template provides a clear framework for establishing the trust, specifying the responsibilities and roles of various parties involved, including the employer, trustees, and beneficiaries (employees). It sets out the conditions under which the trust assets will be held, managed, and distributed.
Key provisions covered in this trust deed may include the eligibility criteria for participating employees, the maximum amount of shares that can be allocated, vesting periods before employees can exercise their rights, and the mechanisms for buying and selling shares within the trust. It may also clarify the potential tax advantages, such as income tax, capital gains tax, and inheritance tax relief, available to participants.
The document may outline the procedures for joining or leaving the share incentive plan, including transferability of shares and provisions for handling employee departures or retirements. It might also address dividend rights, voting rights, and any restrictions or conditions on the shares held by the trust.
Overall, the "Trust Deed for Tax-Advantaged Share Incentive Plan under UK Law" provides a comprehensive legal framework for implementing a tax-efficient share ownership scheme, enabling companies to reward and engage their employees while complying with the relevant UK legislation and regulations.