JCT Measured Term Contract Guide 2016
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
🏡 Measured term contractBusiness activity
Create a contractA measure term contract is an agreement between two parties in which one agrees to provide a specified amount of goods or services to the other at agreed-upon intervals over a set period of time. This type of contract is often used in business arrangements where one company agrees to provide another company with a set amount of goods or services on a regular basis.
The JCT Measured Term Contract Guide 2016 under UK law is a legal template or document that outlines the contractual terms and conditions to be followed in a measured term contract.
A measured term contract refers to a construction contract where payment is determined based on the actual quantities of work done or materials used, rather than a fixed price. This contract type is commonly used in the construction industry for projects that are difficult to quantify accurately upfront or involve ongoing maintenance and repairs.
The JCT Measured Term Contract Guide 2016 provides a framework for both the employer (client) and the contractor, establishing the rights, obligations, and responsibilities of each party throughout the contract term. It covers a wide range of aspects including scope of work, payment terms, variations to the work, timeframes for completion, dispute resolution, insurance, and health and safety requirements.
Under the UK law, this template follows the regulations and legal requirements specific to the construction industry in the United Kingdom. It ensures that both the employer and the contractor understand the legal implications and have a standardized agreement in place to protect their interests and resolve any potential disputes that may arise during the project.
Overall, the JCT Measured Term Contract Guide 2016 under UK law is a crucial document that facilitates the smooth execution of measured term contracts in the construction industry, providing clarity and transparency in terms of contractual obligations, payment terms, and legal provisions to ensure a fair and mutually beneficial relationship between the parties involved.
A measured term contract refers to a construction contract where payment is determined based on the actual quantities of work done or materials used, rather than a fixed price. This contract type is commonly used in the construction industry for projects that are difficult to quantify accurately upfront or involve ongoing maintenance and repairs.
The JCT Measured Term Contract Guide 2016 provides a framework for both the employer (client) and the contractor, establishing the rights, obligations, and responsibilities of each party throughout the contract term. It covers a wide range of aspects including scope of work, payment terms, variations to the work, timeframes for completion, dispute resolution, insurance, and health and safety requirements.
Under the UK law, this template follows the regulations and legal requirements specific to the construction industry in the United Kingdom. It ensures that both the employer and the contractor understand the legal implications and have a standardized agreement in place to protect their interests and resolve any potential disputes that may arise during the project.
Overall, the JCT Measured Term Contract Guide 2016 under UK law is a crucial document that facilitates the smooth execution of measured term contracts in the construction industry, providing clarity and transparency in terms of contractual obligations, payment terms, and legal provisions to ensure a fair and mutually beneficial relationship between the parties involved.
How it works
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
Similar legal templates
Section 45 Landlord's Counter Notice (Claim For Lease Extension)
The Section 45 Landlord's Counter Notice (Claim for Lease Extension) legal template under UK law is a standardized document that provides a framework for landlords to respond to a tenant's request to extend their lease. In the context of leasehold property, where tenants have a specific term of lease agreement with the landlord, this template assists the landlord in formally addressing the tenant's claim for lease extension.
The template encompasses all essential information required to draft a comprehensive landlord's counter notice. It includes provisions to outline the terms and conditions under which the lease extension may be granted, specify additional lease terms such as rent adjustments and provisions for property improvements, and address any potential disputes or legal intricacies arising from the lease extension process.
By utilizing this legal template, landlords can efficiently and effectively respond to a tenant's request for lease extension while ensuring compliance with UK law. This document serves as a crucial legal instrument for maintaining a transparent and legally sound relationship between the landlord and the tenant throughout the lease extension negotiation process.
The template encompasses all essential information required to draft a comprehensive landlord's counter notice. It includes provisions to outline the terms and conditions under which the lease extension may be granted, specify additional lease terms such as rent adjustments and provisions for property improvements, and address any potential disputes or legal intricacies arising from the lease extension process.
By utilizing this legal template, landlords can efficiently and effectively respond to a tenant's request for lease extension while ensuring compliance with UK law. This document serves as a crucial legal instrument for maintaining a transparent and legally sound relationship between the landlord and the tenant throughout the lease extension negotiation process.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
4
RATINGS
0
DISCUSSIONS
0
Section 58 Conditional Fee Agreement Letter (Damages Based Agreement)
The Section 58 Conditional Fee Agreement Letter (Damages Based Agreement) is a legal template that is specific to the legal system in the United Kingdom. This template is commonly used in various legal matters, such as personal injury claims or civil litigation cases.
A Conditional Fee Agreement (CFA), also known as a "no win, no fee" agreement, is a contract between a client and their legal representative, typically a solicitor. It outlines the terms and conditions under which the solicitor will provide legal services to the client.
Section 58 of the UK's Legal Aid, Sentencing and Punishment of Offenders Act 2012 sets out the regulations regarding Damages Based Agreements (DBAs). A DBA is a type of CFA where the solicitor's fee is based on a specific percentage of the damages awarded to the client if the case is successful.
The template includes essential information, such as the identities of the parties involved, the scope of legal services to be provided, the fee structure, and any additional terms or conditions. It is crucial to accurately outline the percentage of damages the solicitor will receive upon a successful outcome, as well as what expenses will be covered by the client or solicitor.
By using this legal template, both the client and solicitor can have a clear understanding of their rights, obligations, and the financial arrangements involved in the legal matter. It provides a basis for transparency and ensures that both parties are aware of what to expect during the legal proceedings, thereby fostering a fair and professional working relationship.
A Conditional Fee Agreement (CFA), also known as a "no win, no fee" agreement, is a contract between a client and their legal representative, typically a solicitor. It outlines the terms and conditions under which the solicitor will provide legal services to the client.
Section 58 of the UK's Legal Aid, Sentencing and Punishment of Offenders Act 2012 sets out the regulations regarding Damages Based Agreements (DBAs). A DBA is a type of CFA where the solicitor's fee is based on a specific percentage of the damages awarded to the client if the case is successful.
The template includes essential information, such as the identities of the parties involved, the scope of legal services to be provided, the fee structure, and any additional terms or conditions. It is crucial to accurately outline the percentage of damages the solicitor will receive upon a successful outcome, as well as what expenses will be covered by the client or solicitor.
By using this legal template, both the client and solicitor can have a clear understanding of their rights, obligations, and the financial arrangements involved in the legal matter. It provides a basis for transparency and ensures that both parties are aware of what to expect during the legal proceedings, thereby fostering a fair and professional working relationship.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
6
RATINGS
5
DISCUSSIONS
1
Section 138A Election Letter (Business Asset Disposal Relief And Earn Outs)
The Section 138A Election Letter (Business Asset Disposal Relief And Earn Outs) under UK law is a legal document that pertains to the sale or disposal of business assets. It outlines the electing party's intention to utilize the Business Asset Disposal Relief (previously known as Entrepreneur's Relief) in conjunction with earn outs, a financial arrangement where the buyer pays the seller in installments based on the business's future performance.
This template serves as a formal letter, indicating the electing party's decision to elect the section 138A provisions as per the UK tax legislation. It includes specific details related to the relevant transaction, such as the parties involved, the nature and value of the assets being disposed of, and the proposed earn-out structure.
Furthermore, the template may include clauses that address essential provisions and conditions for the utilization of Business Asset Disposal Relief and earn outs. This may cover aspects like the calculation and payment terms of the earn-out, obligations and responsibilities of both parties, dispute resolution mechanisms, and any necessary consents or waivers required.
By using this template, the parties involved can document their intentions in a legally binding manner, ensuring compliance with the UK tax regulations and providing transparency and clarity regarding the sale or disposal of business assets. It enables the electing party and relevant stakeholders to structure their transaction efficiently, taking advantage of applicable tax relief and providing a clear framework for earn-out arrangements.
This template serves as a formal letter, indicating the electing party's decision to elect the section 138A provisions as per the UK tax legislation. It includes specific details related to the relevant transaction, such as the parties involved, the nature and value of the assets being disposed of, and the proposed earn-out structure.
Furthermore, the template may include clauses that address essential provisions and conditions for the utilization of Business Asset Disposal Relief and earn outs. This may cover aspects like the calculation and payment terms of the earn-out, obligations and responsibilities of both parties, dispute resolution mechanisms, and any necessary consents or waivers required.
By using this template, the parties involved can document their intentions in a legally binding manner, ensuring compliance with the UK tax regulations and providing transparency and clarity regarding the sale or disposal of business assets. It enables the electing party and relevant stakeholders to structure their transaction efficiently, taking advantage of applicable tax relief and providing a clear framework for earn-out arrangements.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
6
RATINGS
2
DISCUSSIONS
1
