Published: Tuesday, 15 March 2016 14:50
Written by E&MJ News
For many, if not most, companies serving the global mining sector, contracts are the mortar that binds the foundation blocks of industrial growth. Various types of contractual agreements—for equipment, construction, services or commodities, to name just a few—represent income for some, capital investment or asset upkeep for others, and are generally written with the intent to recover maximum value from the resources expanded to award or win them. However, despite any level of care and attention paid to preparation, contractual disputes can arise for a vast number of reasons, and one of the most common causes of confusion or misunderstanding is also among the most basic: the definition of days, dates and deadlines.
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