The Contractor's Collateral Warranty (To Funder) is a legal template specifically designed to outline the obligations and liabilities of a contractor who enters into a construction project with a funder or financial institution in the United Kingdom. It acts as a binding agreement between the contractor and the funder, ensuring that the contractor will adhere to the terms and conditions mentioned within the main construction contract.

This collateral warranty aims to safeguard the funder's interests by establishing a direct contractual relationship between the funder and the contractor. By doing so, the funder seeks additional assurances in terms of the contractor's performance, quality of work, and adherence to statutory regulations throughout the construction process.

The content of this legal document typically includes a detailed description of the project, its participants, and the main construction contract under which the project operates. It further outlines the specific obligations and warranties that the contractor provides to the funder, including the provision of performance guarantees, indemnities, and insurances.

Moreover, this template may specify the rights and remedies available to the funder in case the contractor fails to meet their obligations or breaches any contractual provision. These may include the right to terminate the collateral warranty, seek damages, or pursue legal actions to rectify any deviations from the agreed terms.

Under UK law, this Contractor's Collateral Warranty (To Funder) template ensures that the funder is adequately protected by establishing a legally binding framework to govern the contractual relationship with the contractor. It aims to minimize the financial risks associated with construction projects and provide the funder with the necessary remedies if issues arise during the execution of the project.

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.

Similar legal templates

Warehouse Worker Contract

This Warehouse Worker contract template is designed for a commercial warehouse management organisation (or an individual warehouse worker) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of warehouse management and warehouse-management-related services to be completed by the warehouse worker 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 warehouse management firm or individual warehouse worker 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).

Read More

Publisher

Genie AI

Jurisdiction

England and Wales

Website Data Room Rules (Acquisitions By Auction)

The legal template for "Website Data Room Rules (Acquisitions By Auction) under UK law" is a set of guidelines and terms designed to govern the use and access to a website data room specifically created for acquisitions conducted through an auction process in the United Kingdom.

The document outlines the rules that bidders, sellers, and other authorized participants must adhere to when accessing and utilizing the website data room during an acquisition by auction transaction. It aims to establish a fair and transparent environment, ensuring that all parties involved comply with UK laws and regulations governing such transactions.

The template typically covers various aspects, including procedures for registration and granting access to the data room, obligations and responsibilities of the participants, confidentiality and data protection measures, rules for uploading and accessing documents, restrictions on dissemination of information, intellectual property rights, dispute resolution mechanisms, and termination conditions.

Moreover, the template may also address specific legal considerations related to UK legislation, such as data protection laws, competition regulations, contractual obligations, and any other relevant legal frameworks governing acquisitions and auctions.

By utilizing this template, companies and individuals involved in an acquisition by auction under UK law can establish a secure and efficient virtual data room environment, ensuring compliance with legal requirements, protecting confidential information, and facilitating a smooth and competitive auction process.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales

Winding-Up Petition (Insolvency Rules 2016)

This legal template pertains to a Winding-Up Petition under the Insolvency Rules 2016 in accordance with UK law. A Winding-Up Petition is a formal request filed by a creditor against a company in financial distress, seeking an order from the court to compulsorily wind up the company and initiate its liquidation process. The template likely provides a standardized format for drafting such a petition, ensuring all necessary information and legal requirements are included. It might include sections for identifying information about the petitioner and the debtor company, details of outstanding debts, evidence of the debtor's insolvency, and specific grounds on which the petition is being filed. The template may also outline the procedural steps to complete and file the petition with the appropriate court, offering guidance on the supporting documents and any additional legal considerations that may be necessary. Overall, this template serves as a valuable resource assisting legal professionals and creditors in initiating the winding-up process against companies facing insolvency in the United Kingdom, ensuring compliance with the relevant legal framework.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales