Warranties, guarantees & bonds

The use of collateral warranties, performance guarantees and bonds has become widespread in construction contracts and it is increasingly rare to see contracts that do not require them. If entering into a collateral warranty or performance guarantee or bond of any sort it is important that you are not exposing yourself to additional or unnecessary risk.

We can draft warranties and bonds and can provide advice to anyone being asked to sign up to them. The consequences of signing up to an excessively onerous warranty or bond could be multi-millions of pounds.