Common use of Period of Cover Clause in Contracts

Period of Cover. Deductibles are ................................................................................................................................ If the tribunal is arbitration • The arbitration procedure is ................................................................................................................................ ................................................................................................................................ • The place where arbitration is to be held is ................................................................................................................................ ................................................................................................................................ • The person or organisation who will choose an arbitrator • if the Parties cannot agree a choice or • if the arbitration procedure does not state who selects an arbitrator is ................................................................................................................................ ................................................................................................................................ If this contract is a subcontract and the main contract provides for joint adjudication of disputes • The main contract Adjudicator is ……………………………………………………… If Option A is used • The Consultant prepares forecasts of the total expenses at intervals no longer than Four weeks. If Option C, E or G is used • The Consultant prepares forecasts of the total Time Charge and expenses at intervals no longer than Four weeks. • The exchange rates are those published in …………………………………………… on (date). If Option C is used • The Consultant’s share percentages and the share ranges are share range Consultant’s share percentage

Period of Cover. Deductibles are ................................................................................................................................ If the tribunal is arbitration • The arbitration procedure is ................................................................................................................................ ................................................................................................................................ • The place where arbitration is to be held is ................................................................................................................................ ................................................................................................................................ • The person or organisation who will choose an arbitrator • if the Parties cannot agree a choice or • if the arbitration procedure does not state who selects an arbitrator is ................................................................................................................................ ................................................................................................................................ If this contract is a subcontract and the main contract provides for joint adjudication of disputes • The main contract Adjudicator is ……………………………………………………… If Option A is used • The Consultant prepares forecasts of the total expenses at intervals no longer than Four weeks. If Option C, E or G is used • The Consultant prepares forecasts of the total Time Charge and expenses at intervals no longer than Four weeks. • The exchange rates are those published in …………………………………………… on (date). If Option C is used • The Consultant’s share percentages and the share ranges are share range Consultant’s share percentage.