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.
Philadelphia, Pennsylvania Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments is a legal document that outlines the terms and conditions related to the acceptance of late payments by contractors from owners in Philadelphia, Pennsylvania. This agreement aims to protect the rights and interests of both parties involved in a construction project or service agreement. In Philadelphia, Pennsylvania, non-waiver agreements between contractors and owners regarding accepting late payments can vary based on the specific terms outlined in the document. Some common types of these agreements include: 1. Contractor's Late Payment Non-Waiver Agreement: This agreement entails the contractor's acknowledgement and acceptance that late payments may occur. It sets out the conditions and consequences related to receiving delayed payments, such as a grace period, interest rates, and potential penalties. 2. Owner's Late Payment Non-Waiver Agreement: This type of agreement outlines the owner's willingness to compensate the contractor for any inconvenience caused by late payments. It may address potential remedies for the contractor, such as compensation for additional costs incurred due to the delay. 3. Mutual Late Payment Non-Waiver Agreement: This agreement establishes a mutual understanding between the contractor and owner regarding the acceptance of late payments. Both parties agree to waive any rights to legal action or disputes arising solely from the late payment issue. It typically outlines procedures for resolving potential conflicts and encourages open communication to avoid future payment delays. 4. Partial Late Payment Non-Waiver Agreement: In certain cases, a contractor and owner may agree to a partial late payment non-waiver agreement to address situations where the contractor receives partial payment on time and the remaining balance at a later date. This agreement would define the terms and conditions surrounding partial payments, including interest calculations and potential repercussions for non-compliance. Regardless of the specific type of Philadelphia, Pennsylvania Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments, it is crucial for both parties to understand and adhere to the terms outlined within. These agreements help maintain a healthy working relationship and provide a framework for resolving any disputes related to late payments in a fair and transparent manner.Philadelphia, Pennsylvania Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments is a legal document that outlines the terms and conditions related to the acceptance of late payments by contractors from owners in Philadelphia, Pennsylvania. This agreement aims to protect the rights and interests of both parties involved in a construction project or service agreement. In Philadelphia, Pennsylvania, non-waiver agreements between contractors and owners regarding accepting late payments can vary based on the specific terms outlined in the document. Some common types of these agreements include: 1. Contractor's Late Payment Non-Waiver Agreement: This agreement entails the contractor's acknowledgement and acceptance that late payments may occur. It sets out the conditions and consequences related to receiving delayed payments, such as a grace period, interest rates, and potential penalties. 2. Owner's Late Payment Non-Waiver Agreement: This type of agreement outlines the owner's willingness to compensate the contractor for any inconvenience caused by late payments. It may address potential remedies for the contractor, such as compensation for additional costs incurred due to the delay. 3. Mutual Late Payment Non-Waiver Agreement: This agreement establishes a mutual understanding between the contractor and owner regarding the acceptance of late payments. Both parties agree to waive any rights to legal action or disputes arising solely from the late payment issue. It typically outlines procedures for resolving potential conflicts and encourages open communication to avoid future payment delays. 4. Partial Late Payment Non-Waiver Agreement: In certain cases, a contractor and owner may agree to a partial late payment non-waiver agreement to address situations where the contractor receives partial payment on time and the remaining balance at a later date. This agreement would define the terms and conditions surrounding partial payments, including interest calculations and potential repercussions for non-compliance. Regardless of the specific type of Philadelphia, Pennsylvania Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments, it is crucial for both parties to understand and adhere to the terms outlined within. These agreements help maintain a healthy working relationship and provide a framework for resolving any disputes related to late payments in a fair and transparent manner.
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.
