Traps on the money trail
Language: English Series: Building ; 272(8498) 21 September 2007, 64(1)Publication details: 2007Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L140507 (Browse shelf(Opens below)) | 1 | Available | 140507-1001 |
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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.