Renovation Contract With Nike

State:
Alabama
Control #:
AL-00462-16
Format:
Word; 
Rich Text
Instant download

Description

The Renovation Contract between the Contractor and Owner outlines the terms for the scope of work on a renovation project. Key features include detailed sections on the work to be performed, materials required, and the project location. It specifies the time of completion, insurance requirements, and the process for obtaining necessary permits. The contract allows for changes to the scope of work through written Change Orders, detailing costs associated with those changes. Payment terms are clearly defined, with options for cost-plus or fixed fee arrangements, accompanied by late payment clauses. In cases of damage or destruction, responsibilities of both parties are outlined. Furthermore, the contract includes provisions for legal compliance, attorney fees, and warranties. This contract is essential for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured framework for managing renovation projects, ensuring all parties are informed of their obligations and protecting their interests.
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FAQ

A renovation loan agreement is a written agreement between the borrower and the lender. This agreement must be fully executed by both the lender and the borrower at closing and dated the same date as the note.

8 Things Every Remodeling Contract Should HaveScope of Work, Selection Sheet and Drawings.License Number and Insurance.Description of Change Orders.Warranty information.Subcontractor Agreements.Payment schedule.Completion Schedule / Timeline.Clauses Required by Law.

The contract should describe, in detail, the products to be used and how the work will be performed, i.e., size, color, who will be doing what work, amounts of materials provided, manufacturer model number, etc. There must be a detailed, written payment schedule in the contract.

What should be included in a Contractor Agreement?Statement of Relationship.Project Description.Payment and Billing Terms.Responsibilities of Each Party.Project Timeline and Deadlines.Termination Conditions.Nondisclosure Terms, and Confidentiality and Non-Compete Clauses.

What Your Remodeling Contract Should SayCheck Contract Basics. The basic job of a contractor agreement is to spell out the scope of the project's work.Set a Payment Schedule.Schedule Start and End Dates.Specify Change Orders.Research Your Arbitration Options.Turn Down the Contractor's Warranty.

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Renovation Contract With Nike