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EPC Contract Structuring Key Legal Issues LuthraEPC合同的法律问题该结构的关键
Damages in EPC Contracts5th Annual Senior Management Forum, MumbaiApril 26, 2012
William Vivian John
Partner
Luthra Luthra
Law Offices
? Luthra Luthra Law Offices
Clauses in EPC contracts
Indian Contract Act, 1872
Sections 73, 74
Case Law Principles
Indian English
Back to the Contract…
Topics
Contract Law Professor: “How would you go give someone an orange?”
Student: “Here’s an orange.”?
Professor: “No! No! Think like a lawyer!”
Student: “Okay, then I’d say:
“I hereby give and convey to you all and singular, my estate and interests, rights, claim, title, claim and advantages of and in, said orange, together with all its rind, juice, pulp, and seeds, and all rights and advantages…”
“…with full power to bite, cut, freeze and otherwise eat, the same, or give the same away with and without the pulp, juice, rind and seeds, notwithstanding anything to the contrary herein before or hereinafter or in any deed, or deeds, instruments of any nature or kind whatsoever…”
3
? Luthra Luthra Law Offices
Liquidated Damages
If the Contractor [fails to do x], he shall pay, Owner by way of liquidated damages and not by way of penalty, [amount].
The Contractor acknowledges that the liquidated damages are reasonable and a genuine pre-estimate of the loss and damage that will be suffered by the Owner.
4
Contract Clauses
? Luthra Luthra Law Offices
Limitation of Liability
The aggregate liability of the Contractor shall not exceed a sum equal to the Contract Price, except for [exceptions]
Neither party shall be liable to the other for any indirect, remote, special, or consequential damages provided, such limitation shall not apply to [carve- outs]
5
Contract Clauses
? Luthra Luthra Law Offices
Section 73.
Provides for: compensation for loss or damage caused which
(a) naturally arose in the usual course of things, or
(b) which the parties knew to be a likely result, when they made the contract.
No compensation for remote and indirect loss or damage.
Expln - In estimating l
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