This webinar will consider the concept of Collateral Warranties as a form of security for construction contracts. The session will review the terms and conditions of Collateral Warranties from the perspective of the warrantor as well as the beneficiary, focusing on beneficiaries who are purchasers, tenants and lenders. The webinar will also cover the following:
- Extent of obligations
- Limitations of liability:
- Direct versus indirect costs
- Set-off
- Net contribution clauses
- Caps
- Limitation period