Sample Renovation Contract

Homeowners who enter into contracts with contractors to improve, remodel or repair their homes almost always have a right to cancel the contract, without any penalty or obligation, within three business days after signing the contract.

Both parties should sign the contract, and both should be bound by the terms and conditions spelled out in the agreement. In general that means the contractor will be obliged to provide specified materials and to perform certain services for you. In turn, you will be required to pay for those goods and that labor.

Get it in writing. Keep it simple. Deal with the right person. Identify each party correctly. Spell out all of the details. Specify payment obligations. Agree on circumstances that terminate the contract. Agree on a way to resolve disputes.

Identify the parties involved in the contract. Determine the terms and conditions you want to include in your contract. Write a draft using all the details you have gathered. Ask opinion from people in the same line of business. Review and make changes to your work.

Detailed Description of the Job. How Payments Will Be Made. Start and End Dates of the Project. How Changes to the Project Will Be Dealt With. Lien Waivers. Written Notice of Your Right to Cancel Without Penalty. Warranty. Signatures.

Check 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.

Yes, absolutely. Starting work without a signed contract means that your position isn't clear, or even worse it's weak.It also means that the contract is legally enforceable and will be able to support you if you decide to take legal action.

If you run a small business that hires 1099 contractors, also known as independent contractors, it is vital that you have them sign an independent contractor contract. This is because there is a significant gray area between who is classified as an independent contractor and who is classified as an employee.