This form is a sample agreement between the owner of property and the contractor agreeing that acceptance by contractor of late payments as described in the agreement do not constitute a waiver of the right to receive timely payments pursuant to the agreement in the future.
A Bronx Non-Waiver Agreement is a legal document that outlines the terms and conditions under which a contractor in Bronx, New York, agrees to accept late payments from an owner. This agreement is essential in establishing clear guidelines and protecting the rights of both parties involved in a construction project. In the Bronx, there are several types of Non-Waiver Agreements between contractors and owners regarding accepting late payments: 1. Standard Bronx Non-Waiver Agreement: This agreement sets forth the general terms and conditions that apply when a contractor allows an owner to make late payments. It includes provisions such as the specific allowable duration for late payment, interest rates, penalties, and any other applicable fees. 2. Bronx Non-Waiver Agreement with Partial Payment Option: This type of agreement allows the contractor and the owner to negotiate partial payments in case of late payments. It specifies the percentage of the original payment that the contractor will accept and any additional conditions related to partial payments. 3. Bronx Non-Waiver Agreement with Extended Late Payment Schedule: Sometimes, the owner may request an extended schedule to make late payments. This agreement outlines the specific duration and timing for the delayed payments, ensuring that both parties are aware of the revised payment schedule. 4. Bronx Non-Waiver Agreement with Limited Late Payment Period: In certain scenarios, the contractor may agree to accept late payments only within a limited timeframe. This agreement sets the deadline by which the owner must submit the delayed payment, beyond which the contractor may pursue legal actions or impose additional penalties. 5. Bronx Non-Waiver Agreement with Alternate Payment Method: In some cases, the owner may propose an alternative payment method when facing financial difficulties, such as offering assets or installment payments. This agreement establishes the terms and conditions associated with the suggested alternative payment arrangement. Bronx Non-Waiver Agreements are crucial to protect the rights of both the contractor and owner when dealing with late payments in construction projects. By setting clear guidelines, these agreements help to promote transparency, minimize disputes, and ensure that both parties are treated fairly during the payment process. It is advisable to consult legal professionals to draft or review these agreements to ensure compliance with local laws and regulations in Bronx, New York.A Bronx Non-Waiver Agreement is a legal document that outlines the terms and conditions under which a contractor in Bronx, New York, agrees to accept late payments from an owner. This agreement is essential in establishing clear guidelines and protecting the rights of both parties involved in a construction project. In the Bronx, there are several types of Non-Waiver Agreements between contractors and owners regarding accepting late payments: 1. Standard Bronx Non-Waiver Agreement: This agreement sets forth the general terms and conditions that apply when a contractor allows an owner to make late payments. It includes provisions such as the specific allowable duration for late payment, interest rates, penalties, and any other applicable fees. 2. Bronx Non-Waiver Agreement with Partial Payment Option: This type of agreement allows the contractor and the owner to negotiate partial payments in case of late payments. It specifies the percentage of the original payment that the contractor will accept and any additional conditions related to partial payments. 3. Bronx Non-Waiver Agreement with Extended Late Payment Schedule: Sometimes, the owner may request an extended schedule to make late payments. This agreement outlines the specific duration and timing for the delayed payments, ensuring that both parties are aware of the revised payment schedule. 4. Bronx Non-Waiver Agreement with Limited Late Payment Period: In certain scenarios, the contractor may agree to accept late payments only within a limited timeframe. This agreement sets the deadline by which the owner must submit the delayed payment, beyond which the contractor may pursue legal actions or impose additional penalties. 5. Bronx Non-Waiver Agreement with Alternate Payment Method: In some cases, the owner may propose an alternative payment method when facing financial difficulties, such as offering assets or installment payments. This agreement establishes the terms and conditions associated with the suggested alternative payment arrangement. Bronx Non-Waiver Agreements are crucial to protect the rights of both the contractor and owner when dealing with late payments in construction projects. By setting clear guidelines, these agreements help to promote transparency, minimize disputes, and ensure that both parties are treated fairly during the payment process. It is advisable to consult legal professionals to draft or review these agreements to ensure compliance with local laws and regulations in Bronx, New York.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
