One off contracts in purchases is not an uncommon set up, when talking about the various types of contractual agreements between suppliers and buyers. The key element of a one off contract is that it relates to a single purchase. Remember that this is not the same as a single item purchase. Think of this …
PRACTICAL ASPECTS OF ONE OFF CONTRACTS YOU SHOULD KNOW Read More »
Battle of forms is part of an on-going aspects of contract formation which has to do with contractual offers and terms, and whether or not they are accepted or countered. The trick is in knowing how it occurs and how to avoid it. WHAT IS BATTLE OF FORMS? The battle of the forms involves a …
Reasons why delivery note is important in battle of forms Read More »
There are various types of mistakes in contracts one may make and they can render the contract void or voidable depending on the parties. Types of mistakes in contracts can be classified into three categories which are: common mistakes, mutual mistakes, unilateral mistakes all of which we intend to look at. What are mistakes in …
TYPES OF MISTAKES IN CONTRACTS AND HOW TO AVOID THEM Read More »
Battle of forms is one of those situations that is better of avoided in procurement given the amount of time it consumes with basically nothing much achieved for the parties involved. In order understand battle of forms and how to avoid it one has to look back into how contracts come into existence. Contracts start …
Here is how To Avoid Battle of Forms in Procurement Read More »
Understanding what is misrepresentation is important in contractual agreements since this is one of the five main vitiating elements in a contract. During the negotiation phase of a contract there are statements made with an intention of getting the other party into the deal. These statements are referred to as representations. Representation is a statement …
Misrepresentation In Contract Law Does the Truth Really Matter Read More »
Steps in tendering process will for the most part depend on the type of tendering process and what the organization intend to achieve. The first question we need to find an answer to before looking at the steps is what exactly tendering refers to. What is tendering? Tendering can be defined as; a purchasing procedure …
When it comes to legally binding agreement, the devil is often in the details. This is why it is important for one to understand the contractual terms, given that it is these terms that actually spell out the nature of the agreement. Do we need a fresh contract each time? Since drawing contracts can be …
Contractual terms are important and this becomes obvious whenever you define a contract. What is a contract? A contract is basically a legally binding agreement. The question is what exactly have you agreed to? In purchasing and supplies the agreement will for the most part depend on stakeholders’ needs, which is why you need to …
The difference between an offer and invitation to treat in contracts is important because this is one of those small parts of a legally biding agreement that lets you know if you even have an agreement that can hold in court of law or not. Imagine receiving an email from a client saying they are …
The idea of caring for your neighbor or being reasonable is mostly viewed as social norm or part of what you expect in a religious doctrine or dogma. Does it really have a place in a legal system? Look at this case: Example Lady Nadia went for child delivery at Bado hospital, upon arrival and …
