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What is the maximum amount a contractor can charge for late payment?
The maximum amount a contractor can charge for late payment varies by jurisdiction and contract terms. It is important to review the contract for specific late payment clauses and check local laws for any limitations on late fees.
Would a non compete clause be null and void under the circumstance that an independent contractor contract was not signed?
Yes, all clauses would be null and void if the original contract this was based on was not signed. There is no need for a non compete clause if there is not a contract.
When can a contractor terminate the contract?
A contractor can typically terminate a contract if the client fails to pay as agreed, breaches the terms of the contract, or if unforeseen circumstances prevent the contractor from fulfilling their obligations. It is important for the contractor to review the termination clauses in the contract to understand their rights and obligations in such situations.
What are remedies that the Contracting Officer has at his-her disposal for a contractor's poor performance?
The Contracting Officer can issue cure notices requiring the contractor to correct the poor performance, withhold payments, terminate the contract for default, or implement liquidated damages clauses. They may also seek to replace the contractor or deduct costs from payments.
What was AIA document A207-1997 used for?
It is a basic "Boilerplate"contract for General Contractor/Owner. It is adaptable to many different jobs and it is a great base to create a contract for those that do not have the ability to draft a contract from scratch and/or access to dollars to have Legal Counsel do the entire document. If you do make modifications, you should have it reviewed by Counsel, as many of the clauses are intertwined and modifcation of one has the potential to negate or change other clauses unintentionally.
Is a contract valid after termination of that contract?
No, but the exclusion clauses under it may still be
When should you incorporate FAR and DRARS provisions and clauses by reference in lieu of full text?
FAR and DFARS provisions and clauses can be incorporated by reference when they are not over 15 pages long, well defined and readily available to the parties involved in the contract. This can help streamline the contracting process by avoiding repetition of lengthy clauses and provisions. However, care should be taken to ensure that all parties have access to the incorporated documents.
Can the seller of a home cancel contract in the state of Nevada after the contract has been signed?
If they can meet the requirements to void a contract. It most there are clauses allowing the contract to be nullified, which may be based on failure to obtain financing.
What are exclusion clauses?
Terms under contracts that seek to limit the liability of a party under the contract
Termination clauses always make a contract invalid for lack of consideration True or False?
false
What are clauses in the insurance contract that specify the losses that are not covered by the insurance?
There are 2 categories of these: exclusions and exceptions.
How do you remove condominium property management?
Any manager for a condominium association is a vendor, usually under a contract. Read the contract to find the termination clauses.
