Exploring the new CLLS Construction Law Escrow Agreement
Construction analysis: The City of London Law Society (CLLS) has published a template escrow agreement for construction projects, the first-ever standard form of this type of agreement. John Hughes D’Aeth, partner at Brian Cave Leighton Paisner, explains the features of the template, when it may not be suitable and what amendments should be considered.
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Jurisdiction(s):
United Kingdom
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4 Practice notes
- Encouraging fair payment in the construction industry
- 'Pay when paid' and 'paid when certified' clauses
- Quantum meruit in construction
- Suspension in construction
- Can a party correct mistakes in a pay less notice in response to a final account claim?
- Could you direct me to any information regarding the validity of schedules, notices etc delivered under a Design and Build Contract 2011, when delivered by someone who is not the 'employer's agent' as defined in the contract?
- What are preliminaries in a construction contract?
- What makes a valid retention of title clause?
Related documents:
- Actual costs relevant to assessment of NEC3 compensation event (NIHE v Healthy Buildings)
- Industry insight: Cash gridlock issues in the construction industry
- Liquidated damages and estoppel (HSM v Aker)
- No green light for recovery of traffic management costs under service contract (Dynniq v Lancashire)
4 Practice notes
- Encouraging fair payment in the construction industry
- 'Pay when paid' and 'paid when certified' clauses
- Quantum meruit in construction
- Suspension in construction
- Can a party correct mistakes in a pay less notice in response to a final account claim?
- Could you direct me to any information regarding the validity of schedules, notices etc delivered under a Design and Build Contract 2011, when delivered by someone who is not the 'employer's agent' as defined in the contract?
- What are preliminaries in a construction contract?
- What makes a valid retention of title clause?
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