Monthly Archives: Jan 2016

Contract- Time of the essence

In most commercial contracts, there will be a clause or a phrase to the effect that “time is the essence of this contract.” Many a time, little or no thought is given to the clause and it is often inserted … Continue reading

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Force majeure

Contracts are entered with the ultimate aim of performing the mutual obligations, undertaken by the parties. However, there may be circumstances, which are beyond the control of either party and which were not even anticipated at the time of entering … Continue reading

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Mortgages-Simplified

What is a mortgage? A mortgage is the transfer of an interest in an immovable property for the purpose of securing the payment of loan advanced or to be advanced or the performance of an engagement which may give rise … Continue reading

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Distinction between Joint Venture and Consortium

A joint venture or consortium is a strategic business association between two or more parties. It can be used in any type of business transactions and in domestic or international business but is generally used for engineering project management contracts … Continue reading

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