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Inside Internal Controls

News and discussion on implementing risk management

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contractual relationship

COVID-19 and the law of frustration

Learn why you need to review your contracts and advocacy practices with Not-for-Profit PolicyPro

We are flying blind into this storm. The pandemic is certain to affect, and has already affected, all kinds of contractual relations. I think it possible, even probable, that COVID-19 will be held to be an “Act of God” and available to excuse performance of all kinds of contracts, contracts of employment and contracts of sale or supply.

 

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Construction disputes: A contractor’s right to be paid vs. owner’s claims for defective work

Learn why you need to review your contracts and advocacy practices with Not-for-Profit PolicyPro

It is one of the most common scenarios in construction litigation: work has completed, the contractor has rendered its final bill and an owner refuses to pay on the basis that there were delays or that there are defects or deficiencies with a contractor’s work. While contracts can and do provide allowances for such situations, that is not always the case.

 

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Contract administration – beyond the handshake agreement

Unfortunately, it is not unusual for not-for-profit organizations to find they have entered into a contractual relationship that did not receive the required level of oversight, discussion and approval. Such contracts dramatically increase the risk of harm to your organization.

 

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