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5 Fatal Flaws
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A terrible clause about Force Majeure. A lawyersâ money-making machine with the definition of âSubstantial regulatory changesâ A few days ago, I had the opportunity to discuss common flaws to PPP contracts. Lawyers can be really good drafting millions of pages. They have no idea how real people deal with those pages in a day to day basis. That was the conversation I had with a student of the mentorship. 5 clauses. 5 headaches. Easily avoidable. â The clauses, the potential solutions, together with many other cases in the link below. âMy Mentorshipâ â PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. â â |
Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | đJOIN +2k readers đ
Despite being on a Saturday, I received a few emails asking about yesterday contract! Look⌠I have plenty of examples. Yesterday, it was a PPP in the Philippines⌠but Iâve been working on a few others PPP project. A fantastic example with nice clauses that are less bankable than a PPP for a data center in North Korea. Kenya. A known highway. The Review Procedure. âDisagreements will be discussedâ Literally. Good luck with getting a solution. Discussing can be the more frustrating of...
These days Iâm enjoying some interesting stuff. There is a clause. In particular, 13.3 of a project agreement. âForegone Toll Income & âMutual Agreementâ Extensionâ** I love the title. It deals with cases where the government prevents the toll road from charging the approved tariff. Then, if this happens, logically for political reasons⌠The government must either: Compensate the monthly Foregone Toll Income, or Grant a Concession Extension, the duration of which must be mutually agreed If...
These days, I usually panic a little. Just a little. Not because of the âsocial commitments.â And not because of the alcohol⌠which, letâs be honest, doesnât do your health any good whether itâs âonly one,â âonly two,â December or June. No. Itâs something worse. Much worse than overeating and overdrinking. Queueing. For me, queueing is more terrifying than being forced to watch an entire season of Big Brother. Nothing good ever comes out of standing in line. Nothing. Maybe disappointmentâŚ...