Avoid Construction Contract Errors With These 4 Tips
In the construction industry, a contract is by all means a necessity. It helps with keeping everyone on the same page minimizing the risk of litigation. However, contracts are still susceptible to errors. As your Brandon construction attorneys, we understand the potential for contract errors, and have provided a few specific ones to be aware of when drafting or reviewing a contract.
1. Failing To Read The Entire Contract
This is one of the most common mistakes that are made when it comes to any legal document. Even if you are working with a trusted client, reading through the entire contract is one of the most important things you can do toensure that there are no mistakes or misunderstandings. It is highly recommend that you have a Brandon construction lawyer read the contract as well to make sure that everything is in order.
2. Failing to Include Essential Information
Most people prefer to keep the contract very simple. It’s true that the contract does not need to be the length of a book, but it’s imperative that it contains everything needed. All contracts should answer the main questions about the job, which can usually be broken down into “who, what, when, where, how and how much.” We advise that if your contract does not answer one or more of those questions, it should be re-worked.
3. Relying on a Generic Contract
Sometimes contractors will use a generic contract to try and simplify the process, but it’s better to use a generic contract strictly as a guideline. A generic contract should be updated to accommodate your specific project’s scope of work and the terms of the agreement.Consult with your Brandon construction attorney when drafting a contract..
4. Using The Correct Legal Entity Names
The contract is a legal document with the correct legal entity names of everyone involved. Also, make sure the person signing the document has the legal authority to sign on behalf of the company.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.