Review of Contract Law: Report on Formation of Contract: Execution in Counterpart (Scottish Law Commission Report)

 
9780108882708: Review of Contract Law: Report on Formation of Contract: Execution in Counterpart (Scottish Law Commission Report)

The report Review Of Contract Law: Report On Formation Of Contract: Execution In Counterpart (SG 40) examines the specific difficulties of making a formal document, such as a contract, binding without all signatories having to meet to do so, or all having to sign the same physical copy; a process referred to as 'execution in counterpart'. The main recommendations of the report include: a document may be executed under Scottish law by parties subscribing to a counterpart of the document remotely from each other, and delivering their subscribed counterpart to the other parties; delivery may be to a person nominated for the purpose rather than to the other parties; delivery of a traditional document may be effected by electronic means; a document takes effect either when every party has subscribed and delivered its counterpart, or at such a later date as parties may agree; if desi

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