Remove Agreement Remove Consulting Remove Lien Remove Negotiation
article thumbnail

Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

An assignment of benefits , or AOB, is an agreement to transfer insurance claim rights to a third party. It gives the assignee authority to file and negotiate a claim directly with the insurance company, without involvement from the property owner. The AOB agreements need to be in writing. What is an assignment of benefits?

article thumbnail

Common Law Analysis – Pay-if-paid, Pay-when-paid & Liquidating Agreements in Construction Contracts

Construction Law Monitor

Liquidating Agreement. Another technical term that is not often discussed in construction, yet is present in many construction contracts is the mechanism know as a “liquidating agreement” Sloan pg 16. Do not confuse a liquidating agreement with liquidated damages. Brennan’s The Construction Contracts Book.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Contractor’s Guide to Homeowner’s Insurance: Is Your Project Covered?

Levelset

Insuring agreement. Regardless of the policy, the Insuring Agreement is the section that will outline all the insurance company’s responsibilities after a weather event or other covered peril causes damage to a roof or exterior siding, as examples. The Insuring Agreement will give you a detailed list of covered perils.

article thumbnail

A Contractor’s Guide to Homeowner’s Insurance: Is Your Project Covered?

Levelset

Insuring agreement. Regardless of the policy, the Insuring Agreement is the section that will outline all the insurance company’s responsibilities after a weather event or other covered peril causes damage to a roof or exterior siding, as examples. The Insuring Agreement will give you a detailed list of covered perils.

article thumbnail

Federal Court dismisses sub's claim against GC because of arbitration

Construction Lawyer

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. You should consult an attorney licensed in your jurisdiction before using any of the information contained at this site. Liquidation Agreement did not supercede agreement to arbitrate.

Claims 40
article thumbnail

Contracts: What to Look Out for

Help Everybody Everyday

Contracts are an agreement signed by your firm and a client that sets the rules for the work to be done. Should any questions arise during contract negotiations, consult with an attorney knowledgeable in construction law to assure that your rights are protected.

article thumbnail

Construction Contract's arbitration provision is separable, based on

Construction Lawyer

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. You should consult an attorney licensed in your jurisdiction before using any of the information contained at this site.  It also argued that the arbitration agreement was unconscionable.