Description
Gain a better understanding of contract drafting fundamentals and termination provisions.
Many parties are unaware of critical contract provisions that can substantially affect their rights during a project and upon termination. This presentation will discuss contract drafting fundamentals, including termination provisions, and provide insight into the contract language to include to protect respective parties rights and interests. The discussion will also include critical information related to parties rights related to payment and defective work.
Date: 2023-02-17 Start Time: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
Owner Perspective
• Payment Procedure
• Architects Role
• Defective Workmanship
• Termination Provisions in Favor of Owner for Cause and for Convenience
• Owner Protections: Payment/Performance Bonds, Lien Waivers, Discharge of Mechanics Liens
Contractor Perspective
• Allocating Risk of Payment
• Shifting Risk Down to Lower Tiers
• Termination Provisions in Favor of Contractor
Subcontractor Perspective
• Change Order Approval
• Delays
• Notice of Defects and Opportunity to Cure
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,NALA ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Danielle Cohen-Tesser & Cohen, Matthew Lakind – Tesser & Cohen
