Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Relevant sectors

Type of legal document

🏠 Collateral warranty

Business activity

Draft collateral warranty

Why use a 🏠 Collateral warranty?

A collateral warranty is a separate agreement between the contractor and the employer that sets out additional terms and conditions relating to the works. The collateral warranty will often contain provisions relating to the quality of the works, the performance of the contractor, the liability of the contractor, and the indemnity of the employer. The collateral warranty will also contain a clause specifying that the agreement is collateral to the main contract and that it will remain in force even if the main contract is terminated.

The Sub-Contractor Collateral Warranty (To Funder) under UK law is a legal template intended to establish a contractual relationship between a sub-contractor and a funder in the construction industry. In this agreement, the sub-contractor provides a warranty to the funder, guaranteeing the performance and completion of their contractual obligations under the main contract entered between the sub-contractor and the main contractor.

This warranty helps to protect the funder's interests by ensuring that they have a direct legal recourse against the sub-contractor in case of any breach of contract or failure to meet the agreed-upon standards. It also provides an additional layer of security for the funder, who may not have direct control over the sub-contractor's contractual obligations.

This legal document clarifies the rights and responsibilities of the sub-contractor, funder, and main contractor, as well as the conditions under which the warranty may be invoked. It may cover various aspects such as the scope of work, quality standards, delivery timelines, payment terms, indemnification clauses, and dispute resolution procedures.

By having a Sub-Contractor Collateral Warranty (To Funder) under UK law in place, all parties involved can have increased confidence and assurance in the successful delivery of the construction project. It provides the funder with added protection and peace of mind, ensuring that they have a legal remedy in the event of any issues arising from the sub-contractor's performance or non-compliance with the main contract.

How it works

Create doc / use template

Chat to our AI Legal Assistant

Edit, collaborate & share

Export to .docx

PRODUCT HUNT
#1 Product of the Day

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

See Genie AI in action

Book your personalised demo now

Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue



Click here to book your personalised demo now.

Thank you for requesting a demo. You can book one immediately using the following link if you'd like to: https://bit.ly/GenieAIDemo

If you'd like to, you can now fill in our ROI calculator - you'll get instant results, which we'll use to make your demo even more specific.

Calculate now
Oops! Something went wrong while submitting the form.



Click here to book your personalised demo now.

Similar legal templates

TCC Adjudication Enforcement Claim Form

This legal template, the TCC Adjudication Enforcement Claim Form under UK law, serves as a standardized document for individuals or parties seeking to enforce the outcome of an adjudication process governed by the UK's Technology and Construction Court (TCC). The TCC is a specialized court that deals with disputes related to construction, engineering, and technology contracts.

This template is designed to assist claimants who have obtained a favorable decision or award through the TCC adjudication process but are facing challenges in having the decision upheld or enforced by the other party. The form seeks to streamline the process for the claimant to initiate legal action to enforce the adjudicator's decision, ensuring compliance with the applicable laws and regulations of the UK.

The TCC Adjudication Enforcement Claim Form encompasses vital elements necessary for the claimant to articulate the details of the adjudication decision, including the parties involved, the basis of the dispute, the specific order or remedy granted by the adjudicator, and any supporting evidence or documentation. It also facilitates the claimant in presenting their case concisely, highlighting the reasons why enforcement action is necessary.

By utilizing this template, claimants can ensure that their enforcement claims adhere to the procedural requirements outlined by the TCC and UK law. This standardized form helps to maintain clarity and consistency across enforcement claims, reducing potential ambiguities and ensuring a fair and efficient enforcement process.

Overall, the TCC Adjudication Enforcement Claim Form under UK law is a valuable legal tool for individuals or parties seeking to enforce a TCC adjudicator's decision, offering a structured and comprehensive means to pursue the enforcement of their rights within the UK legal system.

Please note that while this description provides an overview of what the legal template could be about, the actual contents and details of the template may vary and should be obtained from a reputable legal source.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
4
RATINGS
1
DISCUSSIONS
0

Time and Performance Based Employee Share Option Grant (Non Tax-Advantaged)

This legal template refers to a contractual agreement between an employer and an employee that grants the employee the option to purchase company shares at a predetermined price within a specified timeframe. The grant of these employee share options is specifically designed to incentivize and reward employees based on their performance and the length of their employment. This template is applicable in the United Kingdom and does not provide any tax advantages to the employee. It includes provisions outlining the terms and conditions of the share option grant, including the grant date, exercise price, vesting schedule, and any applicable restrictions or performance criteria. The template also includes provisions related to termination of employment and the treatment of unexercised share options in such cases. Overall, this legal template is intended to provide a framework for implementing a performance-based share option scheme for employees under UK law.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
4
RATINGS
2
DISCUSSIONS
2

TP1 Transfer Freehold Plot On A Commercial Estate

The legal template "TP1 Transfer Freehold Plot On A Commercial Estate under UK law" is a document designed to facilitate the transfer of ownership of a freehold plot in a commercial estate in the United Kingdom.

The template includes all necessary provisions and standard clauses to ensure a lawful and smooth transfer process. It outlines the specific details of the plot being transferred, such as its location, boundaries, and any applicable rights or restrictions.

Additionally, the template contains provisions addressing the purchase price, payment terms, and any additional considerations such as VAT or Stamp Duty Land Tax. It may also include provisions related to warranties, indemnification, and retention of rights by the transferor or relevant third parties.

The document follows the legal framework provided under UK law, including compliance with the Land Registration Act 2002, Landlord and Tenant Act 1987, and any other relevant statutes or regulations. It is essential to consult with legal professionals and ensure compliance with any local regulations or specific requirements before using this template.

By using this legal template, both the transferor (seller) and transferee (buyer) can establish a clear record of the transfer, protecting their respective rights and interests. It provides a level of legal certainty and clarity required for the smooth transfer of freehold ownership on a commercial estate in the UK.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
9
RATINGS
3
DISCUSSIONS
2