Contractor's Collateral Warranty (To Funder)
Publisher one
Genie AIJurisdiction
England and WalesRelevant sectors
Type of legal document
🏠 Collateral warrantyBusiness activity
Create 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.
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
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
Technical Consultant Contract
This Technical Consultant contract template is designed for a commercial technical consulting organisation (or an individual technical consultant) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of technical consulting and technical-consulting-related services to be completed by the technical consultant 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 technical consulting firm or individual technical consultant 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).
Publisher
Genie AIJurisdiction
England and WalesTrade Mark Assignment (Pro-Assignee)
This legal document aims to protect the interests of the assignee by ensuring a smooth and legitimate transfer of trademark rights. It covers various important aspects, such as the assignment effective date, details of the trademark (name, registration number, classes of goods/services), and the consideration or payment agreed upon between the parties.
Additionally, the template may include clauses related to warranties, indemnities, and representations made by the assignor, providing assurance to the assignee that the trademark being assigned does not infringe on any third-party rights. The agreement may also contain provisions outlining the responsibilities and obligations of both parties during and after the transfer, as well as any restrictions or limitations placed on the assignee.
By utilizing this legal template, both parties can ensure compliance with UK trademark laws and establish a secure legal framework for the transfer of trademark ownership. It can serve as a valuable tool for businesses or individuals seeking to buy or sell trademark rights within the United Kingdom jurisdiction.
Publisher
Genie AIJurisdiction
England and WalesTranslator Contract
This Translator contract template is designed for a commercial translation organisation (or an individual translator) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of translation and translation-related services to be completed by the translator 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 translation firm or individual translator 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).
