240 likes | 926 Views
UK Contract Law – Key Statutes. SGA. 79. UCTA. UK Contract Law. SGSA. 77. 82. SSGA. 94. UK Contract Law – Hygiene Factors. Surprising as it may seem, there is no such thing as. The Contract Law Act. !!!. Politicians. Statute Law. Common Law Systems – legal topography. Case Law.
E N D
UK Contract Law – Key Statutes SGA 79 UCTA UK Contract Law SGSA 77 82 SSGA 94
UK Contract Law – Hygiene Factors Surprising as it may seem, there is no such thing as ......... The Contract Law Act !!!
Politicians Statute Law Common Law Systems – legal topography Case Law Judges
COMMON OR CIVIL? Common Law or ..... Civil Law (Napoleonic Law) (Roman Law) Statute Law Judge decisions Codified precedent capricious consistent potentially inconsistent case law = primary source case law = secondary source
UK COMMERCIAL LAW Consumer legislation Competition law Agency law UK Contract Law Law of obligations International law Property law
UK Contract Law – Hygiene Factors CONTRACT LAW Case Law Statute Law Key Commercial considerations The Firm Key Contractual considerations How can we limit liability? Who is liable? * Quality * Passing of title * Acceptance & Rejection * Formation of Contract * Voidable Contracts * Breach of Contract
Essentials of a valid Simple Contract The Magnificent Seven ......
Essentials of a valid Simple Contract • Offer & Acceptance • Capacity • Intention • Consent • Consideration • Legality • Possibility All the above elements must be present. If any is absent, a contract will be void, voidable or unenforceable.
Order (acceptance) stage Buyer typically communicates acceptance of the Seller’s offer with the following Contract Letter Purchase Order • Legally they are the same thing. Where the order clearly and unequivocally accepts the seller’s offer a contract comes into being
Discharge of Contract 4b. By Frustration Laws change Loss of a ship or a fire
Acceptance & Rejection Breach – remember ... WARRANTY CONDITION root incidental Terminate Damages Damages
Business Case Review Meetings A to Z • * Execute Contract Documents Contract Initiation Meeting Contract Deliverables A to Z The Contract Management Task Contract Communic- ations Contract Management Plan Contract Payments A to Z CC – copy Key Stakeholders Contract Strategy repository Contract Exit Plan • * Deal with Uncertainties and changes Contract Amendments Benefits Realization Plan Close the Contract