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in this video ill be explaining early warning notices and compensation events now im still surprised on how often these two are used or notified in the wrong way now if you want to know how to use them in the right way then keep watching this video now before we get into the video if you havent already done so please consider subscribing to the channel and if you do remember to hit that bell so you get that notification when we release our new content so right lets get into it [Music] so one of the easiest ways to distinguish between an early warning and a compensation event is to think about what theyre actually used for so always remember that an early warning is for risk management and a compensation event is for you guessed it compensation the nec contracts are collaborative contracts and they motivate a require the parties to proactively engage with each other now in my opinion what differentiates the nec from other standard forms of contract is the early warning mechanism t