I'm sitting looking at a JCT contract here with the following guidelines on a clause:
Am I right in saying this is referring to the limitation period for non-performance of the contract?Execution under hand or as a deed:
37. The primary factor governing the decision to execute the Contract under hand or as a deed is whether the limitation
period for instituting proceedings in contract is to be 6 years, as in the case of execution under hand, or 12 years, where the Contract is executed as a deed. The mode of execution of the Contract will also determine the mode of
execution of collateral warranties (clause 7·4) and the limitation period that applies to them.
I'm not from a legal background, i'm an architect/project manager.
I don't want Oxford to know I only got an A...