Entire agreement, Other Management

Assignment Help:

Entire agreement 

The entire agreement clause must state that the contract is the final, complete, and total expression of the parties' agreement. Such an agreement helps in preventing a party from claiming that there are other promises or terms to the deal that are not explicitly set forth in the written contract, such as oral representations, e-mails or memoranda, and other documents.  

Modification of agreement The modification of agreement clause should state  that the contract may only be modified in writing and signed by all parties. This is done in order to prevent either of the parties from saying that the terms of the written agreement were verbally changed. 

Standard conditions The following are the standard conditions that must be included in project construction contracts: 

  •   Terms of payment. 
  •   Liquidated damages.  
  •   Escalation provisions. 
  •   Variation of unit rates with variation in the estimated Bill of Quantities. 
  •   Compensation basis for extra works. 
  •   Force majeure. 
  •   Suspension. 
  •   Termination. 
  •   Bank guarantees. 
  •   Statutory variations in taxes/duties. 
  •   Works contract tax.  

Related Discussions:- Entire agreement

Managerial economics, why is it important for managers to understand macro ...

why is it important for managers to understand macro economics

Iso 9000 quality system standards, ISO 9000 Quality System Standards IS...

ISO 9000 Quality System Standards ISO  is  the  universal  hallmark  of  quality  which  consists  of  a  family  of standards for quality management systems such as ISO 9000.

Define the concept of bilateral tourism, Question: In recent decades, t...

Question: In recent decades, tourism has emerged as one of a small group of service industries that increasingly dominate the global economy. However, the structure and sig

Write short notes on micro, Question 1 Define Entrepreneurship. What ar...

Question 1 Define Entrepreneurship. What are the types of entrepreneurs? Explain the importance of Entrepreneurship Question 2 Explain the entrepreneurial process in de

Do''s and don''ts while conducting a negotiation, Some detailed important d...

Some detailed important do's and don'ts while conducting negotiations are given hereunder.  Do's:  Know your authority as a negotiator and that of your counterpart.

Centralised purchasing, What are the characteristics of centralised purchas...

What are the characteristics of centralised purchasing?

Alphabetical index - Classified catalogue, Alphabetical index: The alp...

Alphabetical index: The alphabetical index to a classified catalogue; consisting of author, title (wherever necessary), subject entries and other entries for collaborators, se

Integral part of effective management, Problem: 1 "Inventory control i...

Problem: 1 "Inventory control is an integral part of effective management." Discuss. 2 A large firm uses an average of 50 packages of copier paper a day. The firm operate

Progress billings and payments, P rogress billings and payments: Pa...

P rogress billings and payments: Payment is the valuable control tool in  your  hands.  You  should  ensure  that  progress  payments  are determined objectively and design

Quantitative methods, statistics are not mainly the records of the past but...

statistics are not mainly the records of the past but they are useful in the planing of the future. Discuss the statement and explain the role of statistics in economic planning.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd