You are a solicitor working for a firm which provides a series of seminars for clients wanting to set up a business for the first time. Your task is to produce a written report, to be given to each client attending the seminar, setting out in "user friendly" style the principles of law relating to the 'Terms' in a contract and 'Exclusion of Liability' clauses by answering the following questions:
!A. (i) What is the meaning of the following contractual terms?
(ii) What remedy is available if these terms are broken?
- Innominate term
1B. (i) What is the meaning of the following contractual terms?
(ii) What is the result if the terms are put into practice?
- Force Majeure
- Price Variation clauses
- Retention of title clauses