The CONTRACT Terms & Conditions Welcome to this presentation. It explains and illustrates the most important clauses of Engineering & Construction CONTRACTS. Comments are most welcome (herve.baron@gmail.com), which | will incorporate for the benefit of all. Hervé Baron, April 2014The CONTRACT Terms & Conditions ‘OBJECT OF CONTRACT DEFINITIONS AND SIGNIFICANCE OF EXPRESSIONS ENTIRE AGREEMENT NNON-WAIVER - MODIFICATIONS TO CONTRACT INTERPRETATION OF CONTRACT INDEPENDENCE OF CONTRACTOR COMPANY REPRESENTATIVE CONTRACTOR'S ORGANIZATION SUB - CONTRACTORS ASSIGNMENT AWARENESS OF WORK CONDITIONS. CORRECTNESS AND SUFFICIENCY OF CONTRACT DOCUMENTS. CARRYING OUT THE WORK WORK TIME SCHEDULE AND PROGRESS CONTROL REPORTS. ALITY. ASSURANCE - TECHNICAL AND SAFETY AUDITS, GUARANTEES AND WARRANTIES FINAL ACCEPTANCE CHANGE ORDERS APPLICABLE LAWS-_—-cusTOMS. REGULATIONS- AUTHORIZATIONS SAFETY AND ENVIRONMENT CONTRACTOR'S PERSONNEL WORK LOCATIONS SITE REQUIREMENTS LOCAL PRODUCTS AND SERVICESeee The CONTRACT Terms & Conditions = DEFECTIVE PERFORMANCE BY CONTRACTOR: = INVOICING AND PAYMENT SUSPENSION-TERMINATION- TAKE-OVER = INSURANCES TO BE PLACED BY CONTRACTOR = COMPANY'S CONVENIENCE SUSPENSION - TAKE- OVER - CONTRACT TERMINATION = INSURANCES TO BE PLACED BY COMPANY = FORCE MAJEURE: SUSPENSION - TERMINATION = CONFIDENTIALITY = CONTRACT PRICE = INDUSTRIAL PROPERTY RIGHTS - PATENT INFRINGEMENT = TAXES = TITLE ON DOCUMENTS AND ITEMS = INVOICING AND PAYMENT = LAW GOVERNING CONTRACT = BANK GUARANTEE = CONFLICT OF INTEREST = LIQUIDATED DAMAGES = clams = ACCOUNTING AND AUDIT = LIENS = ADDITIONAL DEFINITIONS = SETTLEMENT OF DISPUTES = LIABILITIES BETWEEN CONTRACTOR AND COMPANY = FORMAL NOTICES = LIABILITIES TOWARDS THIRD PARTIES. = EFFECTIVE DATE = CONSEQUENTIAL DAMAGES = PROVISIONS SURVIVING CONTRACT