JCT Prime Cost Building Contract
Publisher one
Genie AIJurisdiction
England and WalesRelevant sectors
Type of legal document
🔖 JCT building contractBusiness activity
Build a structureA 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.
The document covers essential aspects such as project management, payment procedures, variations in works, insurance, and dispute resolution. It establishes the roles and responsibilities of the parties involved, including the employer, contractor, and any subcontractors or suppliers. Additionally, the contract sets out the procedures for valuing the cost of the works, managing changes or modifications to the project scope, and addressing any delays or disruptions that may arise during construction.
The JCT Prime Cost Building Contract serves as a safeguard for all parties, ensuring clarity and fairness throughout the construction process. By providing a legal framework that governs the agreed-upon terms and conditions, this contract mitigates potential disputes or misunderstandings and promotes a cooperative working relationship between the parties involved.
It is important for all parties to carefully review and negotiate the terms laid out in the JCT Prime Cost Building Contract before signing, as it governs the legal rights and obligations of each party throughout the duration of the construction 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
Simple Parental Leave Policy (SMEs Friendly)
Publisher
Genie AIJurisdiction
England and WalesShort-Form Consulting Agreement
The template covers essential details such as the scope of services to be provided, the compensation structure, and the duration of the engagement. It defines the roles and responsibilities of both the consultant and the client, ensuring a clear understanding of expectations.
Additionally, the agreement includes provisions regarding confidentiality, intellectual property rights, termination conditions, and liability limitations. It also addresses dispute resolution methods, governing law, and jurisdiction to provide a legal framework for addressing potential conflicts.
By utilizing a Short-Form Consulting Agreement under UK law, both parties can have peace of mind by putting their agreement in writing and having a legally binding document that protects their interests.
Publisher
Genie AIJurisdiction
England and WalesShare Purchase Exchange Of Contracts (Buyer Board Minutes)
The template likely contains a detailed outline of the essential steps and considerations required before finalizing the share purchase. It may include specific provisions related to the buyer's board of directors or shareholders, outlining their roles and responsibilities, and expressing agreement to the terms and conditions of the share purchase contract.
The document could cover various aspects, such as authorization of key individuals to sign the contract on behalf of the buyer, discussion and approval of any necessary resolutions or consents, confirmation of the purchase price and payment details, reviewing any warranties or indemnities involved in the transaction, and ensuring compliance with relevant legal and regulatory requirements.
Additionally, the template might incorporate provisions for addressing potential disputes, confidentiality obligations, governing law, and jurisdiction to protect the interests of both parties involved.
By utilizing this legally-approved template, businesses engaging in share purchase transactions can ensure that all necessary steps have been taken, formalities have been followed, and necessary approvals have been obtained before executing the contract. This assists in safeguarding the rights and interests of the buyer while promoting a transparent and efficient exchange process in accordance with UK law.