Tuesday, December 31, 2013

Some definitions about types of contracts  . . .

Some definitions about types of contracts . . .

Picture Credit:houseconstructionindia.blogspot.com  Some definitions about types of contracts   In contract administrators language Contract is a Legally binding agreement between two or more parties.  Contract is to establish the agreement which they have made and fix rights and duties of contracting parties.  There are several types of contracts...
Initiation of a new concept . . .

Initiation of a new concept . . .

We are opening a blog for our QS class today. It will open a new era of sharing knowledge among Sri Lankan Quantity Surveyors in UAE and the region. We will expand it to the other parts of the world in stages.  Sharing knowledge is benefiting both the...
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Contract law

Article 273

Force Majeure in UAE Civil Code

In contracts binding on both parties, if force majeure supervenes which makes the performance of the contract impossible, the corresponding obligation shall cease, and the contract shall be automatically cancelled.

A force majeure event excuses the effected party from continuing to perform its obligation

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