Description
Learn how to draft and terminate a commercial contract.Many parties are not aware of critical contract provisions that can substantially affect their rights during a project and upon termination. This topic will discuss contract drafting fundamentals, including termination provisions. The topic will also give some insight on what contract language should be included to protect respective parties’ rights and interests. The content will include critical information related to parties’ rights related to payment and defective work.
Date: 2019-12-11 Start Time: End Time:
Learning Objectives
Owner Perspective
• Payment Procedure
• Architect’s Role
• Defective Workmanship
• Termination Provisions in Favor of Owner: 1) for Cause; and; 2) for Convenience
• Owner Protections: Payment/Performance Bonds, Lien Waivers, Discharge of Mechanic’s 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) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Danielle Cohen-Tesser & Cohen, Matthew Lakind – Tesser & Cohen
