What is the order of precedence of the contract documents?

In the event of any conflict or inconsistency among the following documents, the order of precedence will be: (1) the applicable Service Order, (2) any exhibit, schedule or addendum to this Agreement, and (3) the body of this Agreement.

Which of the following takes precedence in a contract?

Handwritten clauses and insertions take precedence over any typewritten content, attached addenda, and preprinted material. Typed clauses and insertions take precedence over any attached addenda and the preprinted material. Attached addenda take precedence over the preprinted material.

What is the order of a contract?

An offer is a sign of their willingness to agree on certain terms from one person to another. If there is an express or implied agreement, a contract will then be formed. A contract is said to come into being when the acceptance of an offer has been told to the offeror by the offeree.

What are the 4 classifications of contracts?

In general, contracts are classified along four different dimensions: explicitness, mutuality, enforceability, and degree of completion.

What are the contents of contract document?

Contract document include sufficient information to be able to complete the work or service….

  • Contract Drawings and Specifications.
  • Priced Bill of Quantities.
  • Construction Programme.
  • Project Quality Management Plan.
  • Project Health and Safety Plan.
  • Conditions of Contract.
  • Risk Insurance.

What are the 5 elements of a contract?

The Elements of a Valid Contract

  • Offer and Acceptance. An offer occurs when one party presents something of value that they wish to exchange for something else of value.
  • Consideration.
  • Mutuality or Intention.
  • Legality.
  • Capacity.
  • Creating Your Next Contract.

What are the stages of contract?

A contract has three distinct stages: preparation, perfection, and consummation.

What are bilateral contracts?

A bilateral contract is a contract in which both parties exchange promises to perform. One party’s promise serves as consideration for the promise of the other. As a result, each party is an obligor on that party’s own promise and an obligee on the other’s promise. ( compare: unilateral contract)

What are the 5 components of the contract documents?

Standard Contract Elements

  • DOCUMENT TITLE. The title should briefly state the overall purpose of the document.
  • UNIQUE NUMBER AND DATE OF AGREEMENT. A number used to identify that particular document.