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US Legal Forms
Localized Forms
California
Long Beach
Account Stated for Construction Work

Long Beach California Account Stated for Construction Work

Category:

Construction

State:

Multi-State

City:

Long Beach

Control #:

US-1340931BG

Format:

Word;

Rich Text

Instant download

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Description

An account stated is an agreement between parties to an open account as to the correctness of the separate items comprising the account and the balance due on that account. It includes a promise by the debtor, express or implied, to pay that balance.

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Interesting Questions

How can we ensure smooth communication about accounts stated during a project?

Regular check-ins and updates are key! Keeping the lines of communication open is like oiling the gears of a machine – it helps everything run smoothly.

What if the work was done but the account stated is not settled?

If the account isn’t settled, it can lead to a tug-of-war. The contractor might need to follow up or seek legal advice to get things sorted.

Can clients dispute an account stated after it’s been agreed upon?

Disputes can be tricky but if the client has strong reasons or evidence, they might have a leg to stand on. It’s always best to make sure both sides are on the same page from the start.

Do I need a lawyer to create an account stated?

While it's not a must, having a lawyer can ensure everything's above board and clear. It’s like having a trusty map when you're navigating unfamiliar territory.

What should be included in an account stated for construction projects?

Typically, it should include a summary of the work done, the agreed payments, and any adjustments. Think of it as a report card for the job!

What is an account stated in construction work?

An account stated is basically a settled agreement between the contractor and the client on what they owe each other for work done. It’s like shaking hands after a job well done.