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1.
A construction company agrees a contract with a supplier where late delivery will trigger a payment of £5,000 per week delayed. The sum is a genuine pre-estimate of likely costs. What type of clause is this?
2.
A technology buyer wants to ensure that the supplier remains legally responsible for intellectual property infringements caused by the software they deliver. Which contractual tool best manages this risk?
3.
A manufacturing company includes a clause in its supplier agreement that caps financial claims at £1 million, regardless of actual damages suffered. Which type of risk management clause does this represent?
4.
A retailer’s contract states that “this agreement may be terminated immediately if the supplier becomes insolvent.” Which type of termination clause is this?
5.
An outsourcing contract specifies KPIs, service levels, escalation procedures, and review meetings. What is the primary purpose of these mechanisms?
