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

Identify and explain the six concepts/components, QUESTION 1 Identify a...

QUESTION 1 Identify and explain the six concepts/components that are necessary for an effective TQM program. How are these related to Deming's 14 points? QUESTION 2 By

Basis of improvement, QUESTION E Deming, P Crosby and J Juran ( the 3 Q...

QUESTION E Deming, P Crosby and J Juran ( the 3 Quality Gurus ) have greatly contributed to the field of Total Quality Management . You are required to compare and contrast the

State and explain the capital asset pricing model, Question 1: (i) S...

Question 1: (i) State and explain the Capital Asset Pricing Model (CAPM). (ii) Discuss the resiliency of the model when the assumptions under which the CAPM is deri

Documentary sources - source of data, Documentary Sources: Those  info...

Documentary Sources: Those  information which are contained  in  the published and unpublished documents, reports, statistics, manuscripts, letters, diaries  and so on, are gr

Ascertaining demand - library management, Ascertaining Demand: The met...

Ascertaining Demand: The methodology to be followed in ascertaining users' needs have been discussed in detail, in Unit 5 under Sec 5.2 Users' Studies of this Block 2. In addi

Implementation of enterprise project management, I mplementation of EPM ...

I mplementation of EPM It is not a minor matter to espouse the EPM strategy and implement it in an organisation. A fresh organisational structure and new practices have to be

Microform reading room collection and production units , Microform reading ...

Microform reading room, collection and production Units in Reader Activity Area of library building -library management These days, more and more use being made of microforms-

Development of resource sharing networks in india, Development of Resource ...

Development of Resource Sharing Networks in India   In the foregoing sections of this Unit, we have discussed major factors associated with networking. We attempted to understa

Back charging, B ack charging: Back charging the contractor arises ...

B ack charging: Back charging the contractor arises when a certain scope of work included in the contract is either not carried out or carried out defectively. When such an

Organizational behavior, A large unit manufacturing electrical goods which ...

A large unit manufacturing electrical goods which has been known for its liberal personnel policies and fringe benefits is facing the problem of low productivity and high absenteei

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