Terms

Terms

Contents of a contract

n  Contractual terms – are obligations for each party

n  Exemption clauses- terms which limit or exclude liability

Essential knowledge

n  Expressed & implied terms

n  Common law & statutory approach

n  Protection of consumers

n  Conditions, warranties, innominate terms

n  Effects of breach

Terms

n  Are obligations for both parties

n  If a term is not carried out = breach

What sort of disputes arise?

n  Whether the point at issue was part of the contract? (incorporated)

n…