Court Uncourt Magazine - Volume V Issue 12Add to Favorites

Court Uncourt Magazine - Volume V Issue 12Add to Favorites

Go Unlimited with Magzter GOLD

Read Court Uncourt along with 8,500+ other magazines & newspapers with just one subscription  View catalog

1 Month $9.99

1 Year$99.99 $49.99

$4/month

Save 50% Hurry, Offer Ends in 6 Days
(OR)

Subscribe only to Court Uncourt

Buy this issue $2.99

Subscription plans are currently unavailable for this magazine. If you are a Magzter GOLD user, you can read all the back issues with your subscription. If you are not a Magzter GOLD user, you can purchase the back issues and read them.

Gift Court Uncourt

In this issue

Let us consider a situation, where a contractor takes up a project for 100 villas from a client, and subsequently hires a subcontractor to work on 20 villas. However,
upon completion of the project, the client refuses to make the payments on time, while the sub-contractor demands payment for the work done by him. In such a situation, the contractor would be forced to make the payment to the
sub-contractor out of his own pocket. This is where the Pay-when-Paid clause comes into play. Under this clause, the contractor is not required to pay the sub-contractor, unless and until, the contractor receives the payment from the client. The Pay-when-Paid clause usually refers to the period within which a general contractor is
required to pay a sub-contractor. This clause also guarantees the protection of the interest of the subcontractor, where the contractor has to clear the payments within a reasonable time, irrespective of whether the client makes the payments or not. Without such a guarantee, the clause would be unenforceable and would be equivalent to Pay-if-Paid. Therefore, Pay-if-Paid and Pay-when-Paid clauses are mechanisms adopted by the contractors to secure their interests in a construction project and to ensure clarity with regards to payment within the concerned contract.

In this issue of Court Uncourt, our lawyers will elaborate on the broad range of legal matters including Pay-when-Paid and Pay-if-Paid in the UAE, DFSA Regulations on Crowdfunding, B2B Dispute Resolution Procedure in the UAE, Good Samaritan Law, Customs Duty in India, Developments in Abu Dhabi Health Sector, and Mersin Free Trade Zone. Through this information outlet, we intend to keep our readers updated on the latest legal developments around the world. Thank you, and we hope you have an insightful read of this issue of Court Uncourt.

Court Uncourt Magazine Description:

PublisherSTA Law Firm

CategoryEducation

LanguageEnglish

Frequency10 Issues/Year

Reading, Writing, Arithmetic and Science have always been core subjects in school curriculum. The legal fraternity especially the law and judicial system however dictate that citizens and residents should always be aware of the local laws. To this effect, the legal maxim 'ignorance of Law is no excuse' is drummed into students from their first civics class. Guided by our core principles, here we deliver you bespoke legal information that you should know. We have always been at the forefront of driving the conversation towards the issues. It is an indubitable conviction that we live in time of information overload and it is Court Uncourt's attempt to look for context and insight into subjects that pique your curiosity.

We are here to lay your curiosity to rest and share our competency and proficiency openly and seamlessly for your safety and knowledge.

We wish you a pleasant and beneficial reading!

  • cancel anytimeCancel Anytime [ No Commitments ]
  • digital onlyDigital Only
MAGZTER IN THE PRESS:View All