Lesson Summary. A contract is a legal agreement between two or more parties in which they agree to each other's rights and responsibilities. Offer, acceptance, awareness, consideration, and capacity are the five elements of an enforceable contract.
And even though contracts are infinitely varied in length, terms, and complexity, all contracts must contain these six essential elements. Offer. Acceptance. Awareness. Consideration. Capacity. Legality.
Each state in the USA adopts its own construction rules, leading to variations. States like California have stringent seismic building codes, while Florida focuses on hurricane-resistant structures. States may adopt the International Building Code (IBC) or modify it to align with local priorities.
Any person who undertakes work without (i) any valid Virginia contractor's license or certificate when a license or certificate is required by this chapter or (ii) the proper class of license as defined in § 54.1-1100 for the work undertaken, shall be fined an amount not to exceed $500 per day for each day that such ...
The cardinal rule in Virginia statutory construction is that the statute expresses the intention of the lawmakers. Therefore, it falls upon the courts to ascertain the General Assembly's intent where that intent becomes important in the application of statutory materials.
The International Residential Code (IRC) is a publication for the construction and maintenance of one- or two-family residential structures. The Virginia Residential Code 2021 is based on the International Residential Code 2021 (IRC 2021) with amendments and additions.
Compared to other states, Virginia's contractor license requirements are generally straightforward. Anyone performing or managing a project — or removing, repairing, or improving a project valued in excess of $1,000 — requires a license.
The Virginia Uniform Statewide Building Code (USBC) is a state regulation promulgated by the Virginia Board of Housing and Community Development, a Governor-appointed board, for the purpose of establishing minimum regulations to govern the construction and maintenance of buildings and structures.
A good place to start is the website for the local building department or zoning board. There you will find a list of the codes that apply to your area and information on how to comply with them. Below you will find a list of building resources and building codes by state.
Required to have a minimum net worth of $15,000 or post a $50,000 surety bond. Required to have at least 3 years of experience. Work on individual contracts valued between $10,000 and $120,000, or multiple projects valued between $150,000 and $750,000 over a 12-month period.