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The JCT encourages retention of an agreed percentage of the contract sum until practical completion and then a percentage for a period after final completion. This avoids payment in advance for such things as minor defects or snagging which need to addressed at the end of the project or come to light after the project is complete.
In Canada, the Supreme Court of Canada has recognised that good faith contractual performance is a general organising principle of the common law.This duty applies to all contracts, requiring parties to act honestly in the performance of their obligations, and therefore would operate to determine whether activation of a termination for convenience clause had been done in good faith.
In 1924, Senator James Couzens (Michigan) introduced a resolution in the Senate for the creation of a Select Committee to investigate the Bureau of Internal Revenue.At the time, there were reports of inefficiency and waste in the Bureau and allegations that the method of making refunds created the opportunity for fraud.
About 800,000 federal employees went without pay for 35 days during the longest-ever U.S. government shutdown in 2018 and 2019. Contributing: Reuters; Jeremy Yurow, Fernando Cervantes Jr.
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The Delaware judge considering whether a vote by Tesla shareholders reinstated Elon Musk's $56 billion pay package which the court had voided will try to issue a ruling this year, according to the ...
The settlement requires Grubhub to cease the practices and pay $25 million. The agencies sought a $140 million judgment against the company, but reduced it to what Grubhub is able to pay, they said.
Failure To Pay. No mention of an interest rate is made. Reimbursement as a result of a delay in the progress of the works. No reimbursement is allowed unless the cause of the delay was due to any breach of the provisions of the contract by or any other act or omission on the part of the Principal, etc.