I

In the context of insurance, is a person that can make a claim under an insurance policy but is not a party to the insurance contract. Contrast with Named Insured and Noted.

Commonly referred to as IP, describes intangible creations of the human mind, including which are typically protected by either copyright, trademarks or patents.

Construction work carried out under an Agreement for Lease (AFL) where the Landlord’s building Contractor carries out works to build both the base building and fitout of the Tenant's premises.

A document issued by an insurer which confirms that an insurance policy is in place. It does not set out the full terms of the policy but is usually a form of evidence accepted by the Principal to demonstrate that the Contractor has fulfilled its insurance obligations under the Contract.

A Latin term meaning 'by the very fact'. Used in contract law to describe contractual rights that allows one party to terminate or modify the operation of a contract upon the occurrence of some specific event regardless of continued performance of the contract. For example, the right to terminate or modify for an insolvency event. New laws commenced in Australia on 1 July 2018 which limit the effect of ipso facto clauses.

A body stationed in Geneva that coordinates international standards. It works with national standards bodies, such as the British Standards Institution, the American National Standards Institute, the European Committee for Standardisation and Australian Standards.

Written questions that a plaintiff in civil proceedings asks of the defendant, or vice versa, on matters at issue in the proceedings. Interrogatories must be answered by Affidavit.

A preliminary procedure inviting tenders from interested contractors. Unless the Invitation to Tender states otherwise, it generally does not amount to a binding offer.

A declaration of willingness and a request of others to enter into negotiations with a Contract in mind. It is an invitation to make an offer which, if accepted, becomes the basis for a binding Contract. An Invitation to Treat is not an offer and therefore cannot form a part of a binding contract. An express statement that a declaration is not an offer is sufficient to prevent it from being an offer. However, the mere fact that a declaration is referred to as an 'offer' or an 'invitation to treat' is not conclusive as to what the declaration amounts to.

A licence which cannot be revoked or cancelled (for example, a licence to use documents over which the licensor has intellectual property rights).