The general condition of contracts (GCCs) have clauses using keywords, warranties and representations, order of precedence, good faith and agency. A warranty is a contractual promise, for whose breach, the party can claim damages within the terms of the contract. Representations are statements made towards formation of the contract. An order of precedence clause lists the order in which the contract documents would be read to resolve conflicts and ambiguities. A contract may have express terms requiring the other to act in good faith. Agency is widely used in contracts. A special aspect of an agency is, even if the contract terms state it to be irrevocable, it can be terminated by the principal. The chapter reviews the law on these clauses.

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  • Akhileshwar Pathak

摘要

The general condition of contracts (GCCs) have clauses using keywords, warranties and representations, order of precedence, good faith and agency. A warranty is a contractual promise, for whose breach, the party can claim damages within the terms of the contract. Representations are statements made towards formation of the contract. An order of precedence clause lists the order in which the contract documents would be read to resolve conflicts and ambiguities. A contract may have express terms requiring the other to act in good faith. Agency is widely used in contracts. A special aspect of an agency is, even if the contract terms state it to be irrevocable, it can be terminated by the principal. The chapter reviews the law on these clauses.