UK Construction: Not all Collateral Warranties are Construction Contracts

The contractual matrix of commercial construction projects commonly includes collateral warranties.  Collateral warranties typically grant a contractual cause of action to third parties (such as tenants or end-users) with an interest in the project who may not otherwise have a contract in place with parties that are designing, constructing or providing professional advice on the project.   For the beneficiary, a collateral warranty can therefore be invaluable.

To read the full text of this blog post by Duane Morris attorneys Matthew Friedlander and Tanya Chadha please visit the Duane Morris London Blog.