Don’t get caught in the net — the main issues surrounding net contribution clauses
Where problems occur on a construction project resulting in a loss, the damage will often be the fault of more than one party involved in the design and construction of the project. The party who suffers the loss will want to recover the entirety of that loss from those responsible.
Requests from consultants and their insurers for the inclusion of net contribution clauses often arise when negotiating professional appointments and collateral warranties. Such requests will often be refused by employers and, if relevant, their funders. So, what are the main issues surrounding net contribution clauses?
The purpose of a net contribution clause is essentially to limit the liability of the person or persons responsible to an amount that would be just and equitable for them to pay based on the extent to which they are responsible for the loss…
Click on the link below to read the rest of the Gateley briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from The Lawyer
Briefings from Gateley Plc
In a decision that will have Lassie, Petra and Shep barking from their graves, the High Court has ruled that a dog is not a person.
When a company is granting a guarantee (or, indeed, any third party security), the guarantee must serve the guarantor company’s own commercial interests.
Analysis from The Lawyer
Gateley bigshots see personal wealth soar on flotation, but face penalties for early exit .
Gateley is to float on the London Stock Exchange, becoming the first UK firm to list itself as a public limited company. But why would a firm would look to float, and what it could mean for the industry?