10 Different Types of Contracts Type of ContractEveryday Use Bilateral Contracts Standard in most business agreements. Unilateral Contracts Seen in reward-based offers and promotions, common in everyday transactions like dining out. Implied Contracts Common in everyday transactions like dining out.11 more rows •
Unenforceable Contracts. Simple contracts. This contract need not be in any form. Specialty contracts. These are contracts under seal. A valid contract is an agreement, which is binding and enforceable. These. Voidable contract. Void contracts. Illegal Contracts. Bilateral contract. Unilateral contract.
Requirements Clearance from Ministry of Trade, Industry and Cooperatives for non-nationals. For new business - original certificate of registration (Business name) OR certificate of incorporation (Company) - Uganda Registration Services Bureau. Original KCCA receipt for the previous year indicating existing business.
Turnkey Contract or Lump Sum Contract In Turnkey or Lump Sum Contract the complete responsibility of Engineering, Liasoning, Procurement and Construction is given to a contractor. Generally homeowners prefer to give construction projects to Turnkey contracts only.
Design-build is usually the preferred contracting method under a tight schedule, and design-build contracts are often awarded through negotiation rather than through a bid process. With a design-build contract, the owner hires a design-builder (typically a contractor) to handle the entirety of a project.
It may be in writing or agreed orally, or even be implied from the conduct of the parties. These are contracts under seal. They must be executed in a prescribed form. They include gratuitous promises, conveyances of leases and land etc.
Gain experience in construction or hire skilled professionals Put out your services, target customers, budget, and goals. Pick a unique and professional name that reflects your work. Get the necessary licenses and register your company legally. Arrange funding through savings, loans, or investors.
S. 4 of the Act provides that any one or two persons may for lawful purposes form a company by subscribing their names to the memorandum of association or registering the company as provided under the Companies Act.
Obtain a Certificate of Incorporation Name Search and Reservation. Assessment and payment of statutory fees. Submit application form. Form A22 – Full address of the registered or principal office of the Company. Copies of Articles and Memorandum of Association, if any, may also be filed. Passport/ National ID (3 copies)