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#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. Otherwise all construction contracts would have such a clause, thwarting the lender’s statutory rights.

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Forum Selection Clauses in Construction Subcontracts Require Careful Drafting

Construction Lawyer

17, 2013), demonstrates the difficulty faced by parties in drafting appropriate forum selection provisions in construction agreements. of the General Contract. The court, however, found the contract to be ambiguous: The effect of the incorporation of Paragraph 24.3.3 An unpublished California opinion, Paul Ryan Associates v.

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

Best Practices Construction Law

Remember that case where a court found that a string of text messages can form a binding contract ? While the case is certainly interesting and the holding appears to be novel, it appears consistent with traditional contract law principles. Lehman then sent the defendant the draft of a written settlement agreement.

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Architect's Consent to Assigment

Construction Lawyer

Seldom is the architect presented with a draft of the bank’s proposed language prior to the architect executing its agreement with the owner. What if the borrower defaulted because it ran out of money and was left with no other choice but to file for bankruptcy protection? contracts general'

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Can We Make Home Building a Little Less ‘Interesting?’

Pro Builder

Are your suppliers and trades on board with 100% complete contracts and scopes of work? Some might cite the recently announced bankruptcy of high-tech building company Katerra as just one more sad story in this long, disappointing history, having blown through $2.4 Secure your trade base. billion in investor money.

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3 Avoidable Headaches for Construction Project Managers [Webinar]

Autodesk Construction Cloud

And you have to do all that within a contracted amount of time with razor-thin profit margins. . This puts GC’s in breach of contract, which can lead to costly rework, lawsuits, late delivery, or all three. When PE’s fail to record necessary requirements, they’re unlikely to do them. Watch the recorded webinar here.

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State by State Incentives Guide

Buisness Facilities Contributed Content

The program offers three types of benefits: Transaction Privilege Tax Exemption – Exemption from transaction privilege tax on contracts for certain types of construction at an MRZ. State Preference Points – Enterprise Zone companies can earn preference points on state contracts. For more information, please visit this link.

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