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
Intellectual Property Assignment (for founders to assign IP to company)
This legal template, called "Intellectual Property Assignment (for founders to assign IP to company) under UK law," is a comprehensive document designed to facilitate the transfer of intellectual property (IP) rights from founders or creators to their company, operating in the United Kingdom.
The template aims to establish a clear and legally binding agreement between the founders and the company regarding the ownership and control of any intellectual property assets developed during the course of business operations. Intellectual property can include a wide range of intangible creations, such as inventions, designs, trademarks, copyrights, or trade secrets.
By utilizing this document, founders can formalize the transfer of their IP rights to the company, ensuring that the company has full rights and control over these assets. The template typically outlines the relevant terms and conditions of the assignment, including details about the IP being transferred, warranties and representations by the founders, and the consideration or compensation, if any, provided to the founders in return for the assignment.
This legal template serves as a valuable tool for both parties involved. For the founders, it ensures that their contributions to the company's IP are appropriately recognized, while also protecting their interests, such as receiving fair compensation or ongoing benefits from the IP. On the other hand, the template provides the company with clear ownership rights and control over the IP, which is crucial for protecting their investments, attracting investors, and facilitating future licensing or commercialization opportunities.
It's important to note that each situation may have unique circumstances, and this template should be customized to fit the specific needs and requirements of the founders and the company. Consulting with legal professionals specializing in intellectual property or corporate law is highly recommended to ensure compliance with UK laws and to address any specific concerns or considerations that may arise during the assignment process.
The template aims to establish a clear and legally binding agreement between the founders and the company regarding the ownership and control of any intellectual property assets developed during the course of business operations. Intellectual property can include a wide range of intangible creations, such as inventions, designs, trademarks, copyrights, or trade secrets.
By utilizing this document, founders can formalize the transfer of their IP rights to the company, ensuring that the company has full rights and control over these assets. The template typically outlines the relevant terms and conditions of the assignment, including details about the IP being transferred, warranties and representations by the founders, and the consideration or compensation, if any, provided to the founders in return for the assignment.
This legal template serves as a valuable tool for both parties involved. For the founders, it ensures that their contributions to the company's IP are appropriately recognized, while also protecting their interests, such as receiving fair compensation or ongoing benefits from the IP. On the other hand, the template provides the company with clear ownership rights and control over the IP, which is crucial for protecting their investments, attracting investors, and facilitating future licensing or commercialization opportunities.
It's important to note that each situation may have unique circumstances, and this template should be customized to fit the specific needs and requirements of the founders and the company. Consulting with legal professionals specializing in intellectual property or corporate law is highly recommended to ensure compliance with UK laws and to address any specific concerns or considerations that may arise during the assignment process.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
25
RATINGS
4
DISCUSSIONS
1
Master Services Agreement (SaaS)
A Master Services Agreement (SaaS) under UK law is a legal template designed to govern the relationship between a software-as-a-service (SaaS) provider and their user or client in the United Kingdom. This agreement sets out the terms and conditions applicable to the use of the SaaS services offered by the provider.
The template covers various aspects, including the scope of services provided, service level agreements, access and usage rights, data management and security, intellectual property rights, confidentiality, payment terms, dispute resolution mechanisms, termination provisions, and limitations of liability.
The document ensures compliance with relevant UK laws and regulations pertaining to SaaS, data protection, and consumer rights. It outlines the responsibilities and obligations of both parties, protecting the interests of the SaaS provider while safeguarding the rights of the user or client.
By utilizing this legal template, both parties can establish a clear and legally binding agreement that regulates the provision and use of SaaS services. It provides a framework for the relationship, helping to manage expectations, mitigate risks, and ensure a smooth and efficient SaaS deployment for businesses and users alike.
The template covers various aspects, including the scope of services provided, service level agreements, access and usage rights, data management and security, intellectual property rights, confidentiality, payment terms, dispute resolution mechanisms, termination provisions, and limitations of liability.
The document ensures compliance with relevant UK laws and regulations pertaining to SaaS, data protection, and consumer rights. It outlines the responsibilities and obligations of both parties, protecting the interests of the SaaS provider while safeguarding the rights of the user or client.
By utilizing this legal template, both parties can establish a clear and legally binding agreement that regulates the provision and use of SaaS services. It provides a framework for the relationship, helping to manage expectations, mitigate risks, and ensure a smooth and efficient SaaS deployment for businesses and users alike.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
8
RATINGS
3
DISCUSSIONS
3
Non-tax advantaged share options agreement (for contractors, advisors, etc)
The non-tax advantaged share options agreement is a legal template designed specifically for contractors, advisors, and other individuals operating under UK law. This agreement outlines the terms and conditions for granting share options to these professionals in exchange for their services or expertise. Unlike tax-advantaged share options, this agreement does not offer any specific tax benefits to the recipients.
The template will define various key elements, including the number and type of shares to be granted, the exercise price or method of determining it, the vesting period, and any conditions or restrictions associated with exercising the options. It will also detail the circumstances under which the share options may be terminated or forfeited.
Additionally, the agreement will cover the rights and obligations of the parties involved, addressing matters such as confidentiality, intellectual property ownership, and non-compete clauses. It will define the responsibilities of the company providing the share options and the obligations of the recipients in terms of their ongoing relationship.
This legal template serves as a comprehensive framework to establish a fair and transparent arrangement between a company and contractors/advisors who are seeking to be rewarded with non-tax advantaged share options as part of their compensation. It ensures compliance with UK laws and regulations while safeguarding the interests of both parties involved.
The template will define various key elements, including the number and type of shares to be granted, the exercise price or method of determining it, the vesting period, and any conditions or restrictions associated with exercising the options. It will also detail the circumstances under which the share options may be terminated or forfeited.
Additionally, the agreement will cover the rights and obligations of the parties involved, addressing matters such as confidentiality, intellectual property ownership, and non-compete clauses. It will define the responsibilities of the company providing the share options and the obligations of the recipients in terms of their ongoing relationship.
This legal template serves as a comprehensive framework to establish a fair and transparent arrangement between a company and contractors/advisors who are seeking to be rewarded with non-tax advantaged share options as part of their compensation. It ensures compliance with UK laws and regulations while safeguarding the interests of both parties involved.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
7
RATINGS
1
DISCUSSIONS
1
