JCT Intermediate Contract
Publisher one
Genie AISource file
jct_intermediate_contract_template.docxJurisdiction
England and WalesRelevant sectors
Type of legal document
🔖 JCT building contractBusiness activity
Intermediate Building ContractA jct building contract is a contract between a builder and a client that sets out the terms and conditions under which the builder will carry out building work. The contract will cover matters such as the price, the scope of work, the schedule of work, and the terms and conditions under which the work will be carried out. The contract will also set out the rights and responsibilities of both parties, and will provide a mechanism for resolving disputes.
This legal template outlines the terms and conditions that govern the relationship between the employer (the party commissioning the project) and the contractor (the party responsible for executing the project). It covers various aspects, from the scope of work to payment arrangements, providing a comprehensive framework for the construction project.
The template covers essential clauses such as the obligations of both parties, the project timeline, procedures for changes and variations, dispute resolution mechanisms, and liability and insurance provisions. It includes detailed provisions regarding the quality standards, inspections, and testing of materials and workmanship.
Additionally, the JCT Intermediate Contract template also addresses issues related to delay or unforeseen circumstances that may impact the progress of the construction project. It outlines provisions for extensions of time and costs, ensuring fair treatment and compensation for both parties in case of unforeseen events or circumstances.
Compliance with UK law is a critical aspect of this legal template. It incorporates relevant legislation and regulations, including the Construction (Design and Management) Regulations and other applicable health and safety requirements. This ensures that the project adheres to legal obligations and safeguards the interests of all involved parties.
Overall, the JCT Intermediate Contract under UK law provides a comprehensive and well-established legal framework that balances the rights and responsibilities of both employers and contractors in intermediate-sized construction projects in the United Kingdom. It helps establish clear expectations, minimize disputes, and promote successful project delivery in accordance with applicable legal requirements.
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
Software Licence Contract (Pro-Supplier)
Publisher
Genie AIJurisdiction
England and WalesSolution Engineer Contract
This Solution Engineer contract template is designed for a commercial solutions engineering organisation (or an individual solution engineer) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of solutions engineering and solutions-engineering-related services to be completed by the solution engineer 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 solutions engineering firm or individual solution engineer 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 WalesStandard Borrower Board Meeting Minutes To Approve Completing An Acquisition Finance Transaction (Bilateral)
An acquisition finance transaction refers to the process of obtaining funding to acquire another company or assets in pursuit of growth or strategic objectives. This template aims to document the crucial board meeting where the borrower's directors gather to deliberate and ultimately authorize the completion of such a transaction.
The meeting minutes record the discussions, resolutions, and decisions made during the board meeting. These minutes serve as an official record that provides legal certainty and transparency regarding the board's actions and compliance with relevant corporate governance requirements under UK law.
The template likely includes sections to capture essential information such as the meeting's date, time, and location, as well as a list of directors present or in attendance. It may also outline the agenda items for discussion, which could encompass topics such as the terms and conditions of the proposed acquisition finance transaction, its potential impact on the borrower's financials, and any associated risks.
The minutes would further detail pertinent deliberations, questions, and answers raised by directors and the subsequent resolutions passed. These resolutions ultimately determine whether the borrower proceeds with, modifies, or rejects the acquisition finance transaction, reflecting the board's official mandate.
The template's purpose is to provide a standardized format for documenting the borrower's board meetings, ensuring consistent record-keeping practices and compliance with legal norms. It may help streamline the administrative process involved in obtaining necessary approvals, while also serving as a valuable reference for internal and external stakeholders, auditors, or legal counsel.
As this template is tailored for use under UK law, it is likely designed to align with the legal requirements and corporate governance guidelines prescribed by UK legislation, such as the Companies Act 2006. Users of this template would need to modify and adapt it to accurately reflect the specific details and circumstances of their acquisition finance transaction and align with their organization's internal policies and procedures.
