Remove Agreement Remove Deals Remove Lien Remove Negotiation
article thumbnail

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

Levelset

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. Contractors often wish they could simply deal with the insurance company directly through an assignment of benefits. The AOB agreements need to be in writing.

article thumbnail

Payment of Retainage with “conditions attached” Deemed Non-Payment

Best Practices Construction Law

Given the amount of leftover Halloween candy in our house, you bet that I can make some deals with my kiddos: “If you do this, I will give you some candy” … or … “If you don’t stop doing this … I won’t give you any candy.” In J&K Tile Company v. Wright & Morrisey, Inc. ,

Vermont 54
professionals

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Litigation Topics for Prime / Subcontractor Contracts

Construction Law Monitor

Here both parties need to negotiate terms to better protect when a dispute arises. A good subcontractor will have his attorney review any agreement to make sure that the deal is an even one. Lien Waivers. A well crafted contract can better protect a prime and/or a sub when default arises. “Pay-when-paid” v.

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. Deal Breakers. Better to Avoid, but Don’t Lose a Good Deal. Should any questions arise during contract negotiations, consult with an attorney knowledgeable in construction law to assure that your rights are protected.

article thumbnail

Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

Three Steps To A Paradigm Shift: #1 Unfreeze - Being open to a new idea that is in agreement with your core values. #2 Negotiate a fair deal that allows the bank to get something and you get something, a win-win and you will find more great deals coming your way in the future. Setup your partnership agreements.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

A business that applies for the exemption must enter into an agreement with the Governor of Alabama. The business must sign a job-creation agreement under the Advantage Arkansas program within 24 months of signing the Tax Back agreement. Must expand its labor force, make new capital investment, or prevent loss of employment.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

25 MILLION DEAL-CLOSING FUND: Arizona has taken a progressive position by offering attraction funds to companies meeting performance measures that benefit both the company and the citizens of Arizona. The business must sign a job-creation agreement under the Advantage Arkansas program within 24 months of signing the Tax Back agreement.

Income 75