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What Contractors Need to Know About Surety Bonds

Construction Marketing

Surety bonds are financial guarantees that are issued to ensure the individual or company who obtains the bond will perform work in a legally compliant manner and will avoid fraud and misconduct. Surety – The bonding company that guarantees the principal’s ethical operations and legal compliance by issuing the bond.

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The Second Best Way to Mitigate Your Risk in Green Building

Green Building Law Update

The best way to mitigate risk in your green building project are properly drafted contract documents prepared by this law firm or by another attorney with green building experience. As I posted in this blog less than a year ago, Less than 20% of Green Building Contracts are Properly Drafted. The document is simply that good.

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More Than Meets the Eye: TN Court Finds Arbitration Agreement in Employee Handbook Non-Binding

Best Practices Construction Law

30, 2022), the Court of Appeals of Tennessee reversed the confirmation of an arbitration award because the so-called arbitration clause appeared in the employee handbook and was not a stand-alone agreement. Second, and you have seen these words before on this blog, words matter. Timothy Crowder , No. 19CV-48300W (Jun.

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How to Avoid Disputes in Construction

Construction Marketing

What follows next is a fierce legal battle that puts both the contractor and the investor on the losing end. Having a gentleman’s agreement is the worst mistake you could ever make. The advantage of having a binding agreement is that it can be referred to during construction dispute resolution process. Put It in Writing.

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Arbitration is Why There is So Little Litigation in Green Building

Green Building Law Update

The purpose of the blog post is not to argue whether or not arbitration works as well or better than litigation. Legal scholars can have at it. With over a million contract documents licensed on an annual basis, the AIA’s form construction documents are the most widely used contract documents in the industry.

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Hey Siri, Why Did You Settle That Case Without Me Signing?

Best Practices Construction Law

FYI…it is one of my top five blog posts ever!) Another court took a similar approach last week, finding that a casually written email by an attorney can constitute a settlement agreement. that an exchange of emails with a mediator can constitute a binding settlement, even if the parties nevre signed a written agreement.

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#122:  Construction Loan Disbursement Pitfalls

NH Construction Law

If the Seymour case shuts out a claim against the bank, do owner/borrowers have a legal claim against the inspector, with whom they have no contract? If you’re wondering how often an owner has hired me to review the documents in advance, I can tell you, it’s a round number. That puts the owner/borrower in a pickle.

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