Online Legal Templates
Parent Company Guarantees
It has become common practice for a client in the UK construction industry to require its contractor to provide security. Performance Bonds and Parent Company Guarantees are two forms of contract to handle this requirement.
Are Your Gym Membership Terms Illegal?
In a High Court case earlier this year, a sports club was taken to court by the OFT (Office of Fair Trading) and the judge held that certain terms were unfair. These included: • Terms
On Demand Performance Bonds – How to make them less of a threat
Contractors tend to be wary of ‘on demand’ performance bonds as there is usually no protection against the bond being called unfairly. The courts have generally refused to prevent a bond from being called except