The objective of this guidance note is to consider the use and meaning of key phrases commonly used in alliancing practice and agreements-phases such as 'no fault - no blame', best-for-project and 'risk sharing'-and how such phrases may be applied in practice (or legally) where the aspirations or objectives of the alliance come under stress, e.g., if there is a dispute between the parties.
This guidance note seeks to:
• analyse some of the key phrases commonly used in alliancing practice and agreements and promote discussion;
• identify any discrepancy between the legal or commercial implications of terminology used in alliance agreements and its aspirational use in, e.g., alliancing workshops; and
• identify key risks or factors that can result in the practical or commercial outcome of alliance contracting falling short of the aspirations behind some of these key phrases.