Environmental Consultant's Collateral Warranty (Funder, Buyer Or Tenant Friendly)
Publisher one
Genie AISource file
environmental_consultant's_collateral_warranty_(funder,_buyer_or_tenant_friendly)_template.docxJurisdiction
England and WalesCost
Free to useRelevant 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.
In the context of environmental assessment and management, an environmental consultant is typically engaged to evaluate the potential environmental impact of a project, property, or development. Their role is to identify any existing or potential environmental issues, provide recommendations for mitigation measures, and ensure compliance with relevant environmental regulations and standards.
This template aims to create an additional layer of legal protection for the funder (e.g., providing funding for the project or property purchase/lease) or the buyer/tenant (acquiring/occupying the property), by securing a separate warranty directly from the environmental consultant.
The collateral warranty serves as a legal guarantee that the environmental consultant will perform their services with due diligence, in line with professional standards, and within the agreed scope of work. The warranty usually includes provisions holding the consultant liable for any errors, omissions, or negligence resulting in environmental harm or non-compliance with applicable laws and regulations.
The template is designed to be "funder, buyer, or tenant friendly," meaning that it is intended to protect the interests of these parties by clearly specifying their rights, remedies, and limitation periods in case of breach by the environmental consultant. It may also cover the cost of rectifying any environmental issues identified as a result of the consultant's failings, or compensation for any related losses incurred by the funder, buyer, or tenant.
Since this template is drafted under UK law, it would comply with the legal requirements and regulations governing environmental consultancy contracts within the United Kingdom. Legal professionals should review and adapt the template as needed to reflect the specific circumstances and requirements of the parties involved in order to safeguard their interests effectively and maintain compliance with applicable laws.
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
Tempory Permission For Monthly Payment Of Rent Letter
The template serves as a formal letter between a landlord and a tenant, outlining a temporary agreement wherein the tenant is granted permission to pay their rent on a monthly basis instead of adhering to the usual terms stated in their tenancy agreement. This letter template ensures that both parties are aware of the temporary arrangement and have mutually agreed to the change in payment schedule.
Various circumstances may warrant such a temporary arrangement, such as a financial hardship experienced by the tenant or a specific circumstance that requires flexibility in the payment schedule. The document aims to provide a legal framework for this temporary change, highlighting the new payment schedule, duration, and any relevant terms and conditions.
By utilizing this legal template, both the landlord and tenant can establish clear communication and avoid potential disputes regarding payment obligations. It offers a standardized format that takes into consideration the unique legal requirements under UK law, ensuring compliance and protection for both parties involved.
Please note that this is a general description, and the specific content and terms included in the legal template may vary depending on the circumstances and requirements of the individuals involved.
Publisher
Genie AIJurisdiction
England and WalesTarget Company at Completion of Share Purchases with an Intra-Group Reorganisations (Board Minutes)
In the context of corporate transactions, the term "Target Company" refers to the entity or business that is being acquired or whose shares are being purchased by another company or group. Share purchases involve the acquisition of a portion or all of the shares of the Target Company by a shareholder or group of shareholders.
The template focuses on share purchases that are conducted as part of intra-group reorganisations. Intra-group reorganisations generally involve the transfer of assets, shares, or other business components between companies within the same corporate group. These transactions may be carried out to optimize the group's structure, enhance operational efficiencies, consolidate resources, or achieve other strategic objectives.
The template specifically establishes the documentation requirements for board minutes. Board minutes are formal records of meetings held by a company's board of directors or its management team. These minutes provide an authoritative account of the discussions, decisions, and resolutions made during these meetings.
The content of this legal template would likely include details about the specific share purchase transaction, such as the number or percentage of shares being acquired, the consideration (payment) involved, and any conditions or restrictions applicable to the transaction. It may also outline the corporate governance procedures followed by the Target Company's board of directors in approving and executing the share purchase, including any required shareholder or regulatory approvals.
As the legal template is governed by UK law, it would adhere to the relevant statutes, regulations, and legal precedents in the UK, ensuring compliance with the applicable legal requirements and providing a valid and enforceable legal record.
Overall, this legal template provides a standardized and legally sound framework for documenting share purchases as part of intra-group reorganisations, specifically focusing on the completion of such transactions through the recording of board minutes under UK law.