Contracting in the Railway Industry

Railroad contracts can be very complex, but are useful in providing protection if things go wrong. This article discusses some of the important features of commercial contracts for railroad services and equipment. Any commercial contract needs to include precise terms so both parties understand their rights and obligations. A detailed contract leaves less room for misunderstanding and dispute. Provisions relating to time of payment and remedies for non-payment are crucial to anyone providing a service to a client. Equally important are service levels and the circumstances under which the contract can be terminated for non-performance. A list of top tips for contract law is included.

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  • English

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  • Accession Number: 01492296
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Sep 3 2013 11:47AM