Links from this article:
Read the article here.

In 2008 the Ceylon Electricity Board (CEB) awarded a consulting contract for its proposed head office, following government procedure. In 2010, after the Minister in charge was changed, the new management of the CEB decided to terminate the properly awarded contract, and implement a new plan for the head office to make it a ‘green building’. Accordingly, it entered into a new consulting contract, but without following government procedure, and without receiving proper legal advice. The original consultant sued successfully for breach of contract. The government sued the (former) manager, who had terminated the original consulting contract, to recover the damages. To make matters worse, the CEB continued to sink millions into the project, which is beset with problems, and has not been completed.

Independant legal advice is important when entering into a consulting agreement, and equally important when determining whether the agreement can be terminated.

Read the article here.

Take away:

  • Independent legal advice can save $millions.

 

–  –  –

This article is provided for informational purposes only and does not create a lawyer-client relationship with the reader. It is not legal advice and should not be regarded as such. Any reliance on the information is solely at the reader’s own risk. Clausehound.com is a legal tool geared towards entrepreneurs, early-stage businesses and small businesses alike to help draft legal documents to make businesses more productive. Clausehound offers a $10 per month DIY Legal Library which hosts tens of thousands of legal clauses, contracts, articles, lawyer commentaries and instructional videos. Find Clausehound.com where you see this logo.

What you don't know can hurt you! Subscribe to stay informed.

Sign up now and receive an email when we publish new content.

We will never give away, trade or sell your email address. You can unsubscribe at any time.