General Conditions of Contract - The Joint Standards - Report Writing Assignment Help

Assignment Task:

Users of this Australian Standard are warned that clause 15 (Damage to persons and property other than work under the Contract (‘WUC’)) does not limit the liability of parties for special, indirect or consequential losses.

This unlimited liability applies notwithstanding any limitations or exclusions permitted under insurance clauses16(Insurance of theWorks)and17(Public liabilityinsurance).
Parties wishing to limit their liability should seek insurance and legal advice before entering a contract under this Standard.

Legislation has come into force in some jurisdictions dealing with security of payments.PartiesintendingtousethisStandardshouldseekexpertadviceasto their rights and obligations under suchlegislation.

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