Contract Awarded to a Company
Priyanka
(Querist) 14 April 2010
This query is : Resolved
Dear Experts,
In my case, our company A has awarded a contract to another company B for construction of Power plant on the premises owned by Company A.
Now the Company A wants to give the part possession of the said premises to Co B for the construction of the Power Plant for a period of 12 months.
Pls advise, whcih legal document needs to be entered bewtween the 2 co's.
Regards
Priyanka
Raj Kumar Makkad
(Expert) 14 April 2010
A MOU duly registered containing all the terms and conditions is required in the given query.
Heaven 2011
(Expert) 14 April 2010
Dear Madam,
Additionaly you are also required to enter a lease agreement.
Priyanka
(Querist) 14 April 2010
Mr Makkad: Can u please tell me as to which points are to be covered in the MOU or any format that u can share with us.
Mr Asish:Wat is the need to enter into a Lease agreement.
here a contract is awarded to the Co B, wherein, Co A will not charge any rent for possession of the premises.
Regards
Priyanka
R.R. KRISHNAA
(Expert) 14 April 2010
A "Building and Construction Agreement" would be the proper agreement in this case.
Raj Kumar Makkad
(Expert) 14 April 2010
The points must be specific and all those are in your hand. I means the concrete facts are with you so nothing specific can be told to you, however I can say that the following precautions should be made while framing MOU:
* Use clear, concise and complete language;
* Use imperative mood, active imperative voice (Instead of the passive voice - "All bolts shall be countersunk"; use the imperative mood, active voice - "Countersink all bolts.");
* Use short words, phrases, and sentences for clarity;
* Remove redundancies;
* Organize instructions sequentially;
* Separate instructions for the contractor and the agency;
* Write for acceptance, rather than rejection;
* Avoid escape clauses, and unnecessary approvals;
* Eliminate ambiguity by using specific rather than general words; and
* Seek peer review for clarity and content.
