000 01730cab a2200229 4500
001 L130801
008 050831n2005 000 0 eng u
035 _a(Sirsi) u130801
041 0 _aeng
100 _aCockram, Richard
245 2 _aA farewell to all that
260 _c2005
490 _aEstates Gazette
_v(0534) 27 August 2005, 108-109(2)
520 _aAdvocates third-party rights as envisaged by the Contracts (Rights of Third Parties) Act 1999 as a more efficient and cheaper alternative to collateral warranties. The market appears to be warming to third-party rights and the imminent JCT contracts will be adopting an approach that give rights to funders, purchasers and tenants. Describes law practice Addleshaw Goddard's client documentation known as three in one that relies on the Act for the protection of all parties. Explains what Three in One means for its beneficiaries and goes through the mechanics of the documentation. Discusses the special considerations applying to the use of three in one in replacing subcontractors' appointments, the contracting parties' entitlement to vary or rescind the principal contract upon conferral of third-part rights and whether PII policies will cover claims pursuant to third-party rights. Appended is a positive assessment of third-party rights.
590 _aIKA130905
650 _aCONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999
650 _aHOUSING GRANTS, CONSTRUCTION AND REGENERATION ACT 1996
690 _aBUILT ENVIRONMENT-BUILDING CONTRACT FORMS-CONSTRUCTION COLLATERAL WARRANTY FORMS
700 _aParisotti, Melinda
856 _uhttps://www.opsi.gov.uk/acts/acts1999/19990031.htm
_zView the Act free of charge at www.opsi.gov.uk...
942 _n0
999 _c75797
_d75797