Traps on the money trail
Garthwaite, Helen
Traps on the money trail - 2007 - Building 272(8498) 21 September 2007, 64(1) .
Examines the wording of bonus mechanisms in contracts, and highlights several pitfalls. Advises the bonus should be identifiable and it should be clear what triggers the bonus and when it is payable. Also considers claiming damages, confusing contract language, simple bonus mechanisms contained in standard forms of contract, and dispute resolution mechanisms.
United Kingdom--
Traps on the money trail - 2007 - Building 272(8498) 21 September 2007, 64(1) .
Examines the wording of bonus mechanisms in contracts, and highlights several pitfalls. Advises the bonus should be identifiable and it should be clear what triggers the bonus and when it is payable. Also considers claiming damages, confusing contract language, simple bonus mechanisms contained in standard forms of contract, and dispute resolution mechanisms.
United Kingdom--