Does your contract have a requirement to pursue dispute resolution? What type of notice requirements may be in play? What law governs and where would litigation take place? Is there an indemnification provision?
Terminating a contract may result in damages, so steps should be taken to limit the damages to you. The contract rescission letter must include: Addresses of the other party of the contract. A subject line that states it is a "letter to rescind." An introductory paragraph that includes: ...
How to Calculate Liquidated Damages In the construction industry, time is just as valuable as money. When writing a construction contract, the time frame for project completion is one of the most important issues to be negotiated. If an owner is forced to wait for a late project to be compl...
In the area of defamation, media houses have been on the receiving end of heavy damages, raising concern about defamation suits being used to silence the media. For example, in 2016, the High Court awarded a judge Sh20 million in damages for defamation against NMG. Now, NMG had requested ...
When are Liquidated Damages Paid? In order for liquidated damages to be paid, they must be agreed to in a contract. As part of this agreement, the parties must discuss and agree on a specific formula or mechanism that will calculate the liquidated damages if the contract is breached. ...
To calculate your expected cost, compare prices through top rental companies like Hertz, Enterprise or Avis. You may also want to consider checking deals available through a travel credit card or warehouse stores like Costco. Location You may find better car rental deals near the center of the ...
Should someone get injured on your property, you may not be personally liable for the damages. If your business is an LLC, corporation, or partnership, you’ll likely need to register your business with any state where you conduct business activities. You may also want to opt for a federal...
Damages in tort and contract claims - who pays first and how much?John McKayDaniel KalderimisGarth GallawayTim Smith
Insurance companies use these factors, among others, to assess the risk associated with insuring an individual and to calculate the premium amount. What is a deductible in auto insurance? A deductible is the amount you agree to pay out of pocket toward a claim before your insurance coverage kic...
Best-case scenario, the contractor receives payment for the portion of work completed and the owner avoids paying damages or penalties for ending the contract. If a party claims “for cause” as a means to breach a contract, but fails to provide proof of cause, then the breach will likely...