July 2017
Intermediate to advanced
280 pages
6h 2m
English
Content preview from Contract Management
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APPENDIX 14
Notice clauses are contained in many contracts. They specify the types of communication that must be handled in a specific and recordable manner (‘Notices’). These clauses require the counterparties to formally notify each other in the event of certain defined circumstances, to give them the opportunity to respond to and deal with these circumstances. Care should be taken with the management of Notices as even a trivial error when giving notice might cause problems later – especially for the party that was relying on the Notice as the precursor to a formal contract claim.
Notice clauses generally allow the counterparties a specified period within which to remedy or deal with the problems/issues identified in the Notice. It ...
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