Contractor's Collateral Warranty (Pro-Purchaser)
Publisher one
Genie AIJurisdiction
England and WalesRelevant sectors
Type of legal document
🏠 Collateral warrantyBusiness activity
Provide collateral warrantyA 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 template typically covers various aspects, including the contractor's obligations, liability, and warranty provisions specifically tailored in favor of the purchaser. It aims to supplement the existing contractual relationship by providing direct recourse and a higher level of legal security for the purchaser.
Within the context of a construction project, a collateral warranty can offer numerous benefits to a purchaser. It might stipulate that the contractor will rectify defects, address issues not covered in the main contract, or extend the period of liability. This agreement can also guarantee that the contractor will provide important documentation, instruction manuals, and warranties for any equipment or systems installed.
The template generally incorporates legal provisions aligned with UK law to ensure its validity and enforceability in local jurisdictions. It can be customized to suit the specific needs of the project and the purchaser, considering factors such as project scope, duration, complexity, and associated risks.
Using a pro-purchaser approach, this collateral warranty template seeks to safeguard the purchaser's rights by granting them direct access to the contractor's guarantees. This document is valuable in providing the purchaser with additional legal protections and assurances, thereby minimizing potential risks, improving confidence, and facilitating smoother project delivery in the construction industry in the UK.
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
Video Production Commission Agreement
The template covers essential elements related to video production, such as project scope, timeline, budget, ownership of intellectual property rights, cancellation or termination provisions, and dispute resolution mechanisms. It defines the specific services to be provided by the production company, including pre-production, filming, editing, and delivery.
Additionally, the template may include provisions related to payment terms, confidentiality and non-disclosure agreements, limitations of liability, and indemnification clauses. It also addresses issues surrounding the use of talent, locations, equipment, and third-party services, ensuring compliance with relevant laws and regulations in the UK.
The Video Production Commission Agreement aims to protect the interests of both parties by clearly outlining their respective responsibilities and expectations. By entering into this legally binding contract, the production company and client can establish a solid foundation for their working relationship, mitigating potential disputes and ensuring a smooth and collaborative video production process in accordance with UK law.
Publisher
Genie AIJurisdiction
England and WalesUnderwriting Arrangement Mandate And Commitment Letter
The template typically covers various aspects of the underwriting agreement, including the scope of the underwriter's mandate, the underwriting commitment, and the underwriting fees or compensation to be paid. Additionally, it may address the conditions under which the underwriter is expected to source potential investors, market the securities, and potentially purchase any unsold portion of the securities.
The letter may also detail other significant clauses relevant to the underwriting arrangement, such as termination provisions, representations and warranties, indemnification, confidentiality, dispute resolution mechanisms, and applicable legal jurisdiction.
By providing a standardized framework for underwriting agreements, this legal template ensures clarity, professionalism, and legal compliance for all parties involved, promoting a fair and transparent underwriting process under the UK legal system.
Publisher
Genie AIJurisdiction
England and WalesUX Designer Contract
This UX Designer contract template is designed for a commercial ux design organisation (or an individual ux designer) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of ux design and ux-design-related services to be completed by the ux designer on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the ux design firm or individual ux designer on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
