Contracts are important for any construction project. They tend to be lengthy, detailed and full of jargon that you may not fully understand. In fact, the entire construction contract process can be overwhelming. Before signing on the dotted line, use an experienced construction attorney to perform a contract review.
What is a Contract?
A contract is a mutual and legally binding agreement between two parties. The document includes all of the project’s policies and should be drafted correctly to avoid any disputes. Specific terms should also be included. A contract protects your rights and you can always ask for legal advice on not only what to include, but how to properly word it to avoid any confusion.
Why a Contract?
A contract will always protect you when disputes may arise in a project. This why a contract should always include specific details regarding the project such as estimates, payment terms, duration of project, details on supplies and terms when a dispute does occur. The contract should always be clear and everyone needs to agree to all of the terms to avoid any misinterpretations. Don’t necessarily worry about the length of the contract, as long as it contains all of the important details. Read completely through the contract including all of the fine print and take note of the agreements, regulations and deadlines mentioned. This will help the project to run smoothly, avoiding any extra costs and delays. Remember, never sign the contract until reviewing it thoroughly and discussing it with a construction law attorney. This is where legal advice is going to be very beneficial, especially if the contract is drafted poorly.
Importance of Contract Review
A professional Phoenix construction litigator has dealt with many different contracts, so they know what they are doing and know the language so they can help you understand. All of the terms and conditions listed in the contract needs to be outlined and needs to meet all laws and regulations. An attorney will ensure that the contract’s terms follow all federal and state laws. A price list in the contract is important to review, along with the details regarding payment. This includes things like when and how you are getting paid. Also, who pays for items along the way like supplies and other related items needed to complete the project. The time frame is another crucial part that needs to be in full detail in the contract. Also noted are milestones, meetings and what happens if there are penalties. Deadlines need to always be clear and always noted. Never be afraid to ask for clarification. A detailed, accurate and fair contract is needed and an attorney will ensure that is the case for both parties. They are the ones responsible for the review since they know what to look for. An attorney will do the hard work for you and will get the job done right.
Murphy Cordier PLC
The legal team at Murphy Cordier PLC specializes in construction law in the greater Phoenix area. They have the experience drafting a contract, reviewing a contract, and assisting you during the entire construction process, especially during disputes. With their expertise and skills, you will be working with a trusting and understanding construction lawyer that will be there to answer of all of you questions and concerns while providing you with the best legal representation.