Arkansas Reproduction and Distribution Agreement
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How to fill out Reproduction And Distribution Agreement?
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FAQ
State agencies, including exempt agencies, may enter into contracts which contemplate the payment of interest and late charges, but only when such late charges are incurred sixty (60) days after payment is due or carrying charges under such rules as may be promulgated by the State Procurement Director.
Attorney's fees. (a) A provision in a promissory note for the payment of reasonable attorney's fees, not to exceed ten percent (10%) of the amount of principal due, plus accrued interest, for services actually rendered in ance with its terms is enforceable as a contract of indemnity.
The primary collection of laws governing Arkansas procurement can be found in Title 19, Chapter 11, Subchapter 2 of the Arkansas Code Annotated titled ?Arkansas Procurement Law.? With certain exceptions, Arkansas Procurement Law applies to every State agency expenditure of public funds under any contract.
If there is no dispute as to the existence of a contract between the parties, use AMI 2403. The essential elements of a contract under Arkansas law include (1) competent parties, (2) subject matter, (3) legal consideration, (4) mutual agreement, and (5) mutual obligations.
(A) A cooperative purchasing agreement is limited to commodities and services for which the public procurement unit may realize savings or material economic value, or both.
Arkansas Prompt Payment Requirements For Prime (General) Contractors, progress payments due within up to 15 days of a properly prepared request for payment. Final Payment due within 90 days of completion and acceptance of the project.
(1) As used in this section, ?construction management? means a project delivery method based on an agreement in which a state agency, political subdivision, public school district, or institution of higher education acquires from a construction entity a series of services that include, but are not limited to, design ...