Why you should always include an Arbitration Clause in a contract document
WHY YOU SHOULD ALWAYS INCLUDE AN ARBITRATION CLAUSE IN A CONTRACT DOCUMENT An arbitration clause is a provision in a contract that requires the parties to resolve any disputes that may arise through arbitration rather than through court litigation. The act defines an Arbitration as, a procedure in which a dispute is submitted, by agreement […]
Red flags in Contracts
BEWARE OF THESE RED FLAGS!!!! Many clients have been asking us how to tell that a contract/agreement is not favorable, considering all clauses have been stated in the agreement. Some have signed and gone into contracts without noticing the RED FLAGS that can later cost them or make them lose millions of shillings. Below are […]
Why representations and warranties are a must have clause in your agreement
WHY REPRESENTATIONS AND WARRANTIES ARE A MUST HAVE CLAUSE IN YOUR AGREEMENT Representation and warranty clauses are an essential part of any agreement as they help to provide a level of assurance and protection to all parties involved in the agreement. These clauses are typically included in contracts or other legal documents, and they serve […]
The 5 Types of Construction Contracts You Need to Know
The 5 Types of Construction Contracts You Need to Know A construction contract can be defined as a legal document that is can be entered into between all parties involved in the construction and details the scope and terms of the project or development. There are 5 types of construction contracts. These are: Lump sum […]