Tom Peel
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How to manage the risks of using a letter of intent
Sometimes using a letter of intent is unavoidable, but there are ways of managing the risks involved that should keep parties out of trouble before a contract is signed
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Site investigations: Don't get stuck on shaky ground
A site purchased for development may already have a geotechnical and environmental report attached. But will it offer the developer enough protection?
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Economic duress: Progress Bulk Carriers Ltd vs Tube City IMS LLC
Parties are free to negotiate a hard bargain, but if your behaviour is deemed unethical or unconscionable, then you risk short shrift from the courts
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Know your novation: What's changed?
Novation may be a familiar story but don’t get complacent about it - there’s an unexpected sub-plot with hidden traps set by the Construction Act