English Commercial Law - boilerplate clauses ("No partnership" provisions)
This kind of clause aims to prevent the agreement from being interpreted as a partnership between the parties. Partnership law has certain obvious drawbacks, such as being responsible for a partner's debts. However, the Partnership Act of 1890, Section 1, meaning of "partnership," not the exact phrasing of a "no partnership" clause, determines whether or not a partnership is actually in existence. provisions prohibiting subcontracting and assignment A buyer won't want the supplier it has chosen to subcontract the task to an unidentified third party. The buyer might also object to the contract being transferred to another supplier. Therefore, it is common for business contracts to contain a language that addresses both of these scenarios. Restrictions on the assignment of "receivables" in contracts for the delivery of goods, services, or intangible assets are now invalid under the Business Contracts Terms (Assignment of Receivables) Regulations 2018 (SI 2018/1254). The ability to be paid under such a contract is known as a receivable. The Regulations' goal is to make it simpler for firms to raise capital using factors like factoring.
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