Key description
- This LOI is designed for use between an employer and a contractor to define the key terms that will govern their contractual relationship under a future construction or building agreement. Although not binding in nature, some of its provisions will be binding on both parties (e.g. confidentiality, termination, governing law etc...). This LOI is perfectly structured and suited to be governed by UK
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Covered clausesGeneral
DEFINITIONS AND INTERPRETATION
DURATION AND EFFECT OF THIS LETTER
THE TENDER, THE WORKS AND THE BUILDING CONTRACT
PAYMENT
OUR LIMIT OF LIABILITY
SUB-CONTRACTS
INSURANCE
COPYRIGHT
EXTENDING THIS LETTER
TERMINATION AND CONSEQUENCES OF TERMINATION
ASSIGNMENT
CONFIDENTIALITY
DISPUTES
THIRD PARTY RIGHTS
ENTIRE AGREEMENT
NOTICES
GOVERNING LAW
JURISDICTION