Talk:Collateral warranty
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[edit]Is this statement still correct, with the introduction of the third party act
A collateral warranty is a contract which gives a third party rights collateral to rights in an existing contract entered into by two separate parties.
For instance, an architect is appointed to design a block of flats for a developer. That developer intends to sell the block of flats to a Housing association. Due to Privity of contract the architect would normally only be contractually liable to the client should defects arise. The collateral warranty establishes a contractual relationship between the Housing association and the architect against defect.
80.168.204.122 (talk) 13:49, 10 May 2008 (UTC)
Yes - this needs some research - how are collateral warranties modified by Contracts (Rights of Third Parties) Act 1999? Are they still necessary? The first reaction of the Joint Contracts Tribunal was to explicitly exclude any benefits or rights arising from the third party act. I'm told that recent issues of the standard form contracts have a more reflective and considered view and 'schedules' can be produced conferring third party rights triggered by the issue of a standard notice.......--Joopercoopers (talk) 09:39, 26 June 2009 (UTC)
Also Property Law, US Law, Irish Law
[edit]Collateral warranty is not only a matter of UK Law, it is not only a matter of Contract Law.
I have added reference to the use of the term in property Law as well as references to US Law. I have also added categories such as US and Irish Law. I guess that "collateral warranty" is probably a matter of law within English speaking countries rather than in the UK only. — Preceding unsigned comment added by Christophe Krief (talk • contribs) 18:12, 1 February 2011 (UTC)