Significant time and cost is often spent meeting the construction-drafting requirements of development projects. Richard Cockram presents an innovative solution to the problem
September 07, 2005 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
One of the objects of the Contracts (Rights of Third Parties) Act 1999 is to allow stakeholders in commercial property to be protected against construction defects or the insolvency of the developer without the cost, complexity and inconvenience of collateral warranties.
Any move to take advantage of the 1999 Act must come from the property industry itself.
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