IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Professional Services Agreements in Construction (OnDemand Webinar)

$149.00

SKU: 411331EAU

Description

Learn basic contract principles, key concepts, and how these agreements best serve the project participants’ needs.Owners and contractors often execute professional service agreements with design professionals that are either standard form agreements or agreements prepared by the owner, general contractor, or their counsel. These agreements may run the gamut from overly complex, to simplistic. They also may contain a mixture of conflicting business and legal terms. Project participants executing professional service agreements may lack a basic understanding of basic contract principles, key concepts, andor how these agreements best serve the project participants’ needs. This presentation will help you better understand the importance of these legal documents, how the obligations in a contract are made binding, critical professional service contract provisions (including the context and interplay between key terms like indemnity, insurance, and limitation of liability), how a project participant’s role in the project may impact contract negotiations, as well as consideration of mitigation strategies to minimize a project participant’s risks.

Date: 2024-07-19 Start Time: End Time:

Learning Objectives

Contract Overview
• Discussion of What Makes a Contract Enforceable
• Reasons to Use Standard Form Agreements
• Presentation of Standard Form Professional Agreements (AIA, EJCDC, Consensus Docs, DBIA, etc.)

Considerations for Negotiating Professional Service Agreements
• Perspective of Project Participant Influences Negotiation
• Project Types
• Potential Risks

Key Contract Provisions for Professional Services Agreements
• Scope of Work/Responsibilities
• Indemnity
• Insurance
• PLI
• CGL
• Limitation of Liability
• Interplay Between Indemnity, Insurance, and Limitation of Liability
• Payment
• Attorneys’ Fees and Costs
• Other Provisions

Changes
• Types of Changes
• Modification of the Contract Should Be in Writing

Contract Disputes
• Strive for Clarity • No Ambiguity
• Interpretation of Contract Disputes
• Dispute Resolution Mechanisms
• Conclusion

AIA ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,ENG ,ICC ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Travis B. Colburn-Ahlers Cressman & Sleight PLLC

IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Professional Services Agreements in Construction On Demand

$149.00

Description

Professional Services Agreements in Construction On Demand Learn basic contract principles, key concepts, and how these agreements best serve the project participants needs.
Owners and contractors often execute professional service agreements with design professionals that are either standard form agreements or agreements prepared by the owner, general contractor, or their counsel. These agreements may run the gamut from overlycomplex to simplistic or contain a mixture of conflicting business and legal terms.

Project participants executing professional services agreements may lack a basic understanding of basic contract principles, key concepts, andor how these agreements best serve the project participants needs. This presentation will help you better understand the importance of these legal documents, how the obligations in a contract are made binding, critical professional service contract provisions (including the context and interplay between key terms like indemnity, insurance, and limitation of liability), how a project participants role in the project may impact contract negotiations, as well as consideration of mitigation strategies to minimize a project participants risks.

Contract Overview
• Discussion of What Makes a Contract Enforceable
• Reasons to Use Standard Form Agreements
• Presentation of Standard Form Professional Agreements (AIA, EJCDC, Consensus Docs, DBIA, etc.)

Considerations for Negotiating Professional Service Agreements
• Perspective of Project Participant Influences Negotiation
• Project Types
• Potential Risks

Key Contract Provisions for Professional Services Agreements
• Scope of Work/Responsibilities
• Indemnity
• Insurance
• PLI
• CGL
• Limitation of Liability
• Interplay Between Indemnity, Insurance, and Limitation of Liability
• Payment
• Attorneys’ Fees and Costs
• Other Provisions

Changes
• Types of Changes
• Modification of the Contract Should Be in Writing

Contract Disputes
• Strive for Clarity • No Ambiguity
• Interpretation of Contract Disputes
• Dispute Resolution Mechanisms
• Conclusion

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,ENG ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Travis B. Colburn-Ahlers Cressman & Sleight PLLC