A Lima Arizona Subcontract for Construction of Portion of or Materials to go into Building with Provisions that upon Termination for Cause Contractor May Complete Work and Retain all Amounts due Subcontractor is a crucial agreement in the construction industry. This type of subcontract outlines the terms and conditions under which a contractor may terminate the subcontractor's services for cause, and also allows the contractor to complete the remaining work while retaining all amounts owed to the subcontractor. Here are some relevant keywords and the different types of subcontracts that may fall under this category: 1. Lima Arizona Construction Subcontract: This type of subcontract specifically pertains to construction projects located in the Lima, Arizona area. 2. Building Materials Subcontract: This subcontract focuses on the provision of materials required for the construction project. It outlines the responsibilities of the subcontractor in supplying the necessary materials and the conditions under which the contractor may terminate the agreement. 3. Portion of Building Subcontract: This subcontract deals with the construction of a specific section or portion of a building. It highlights the scope of work, responsibilities, and timelines for completing the designated part. 4. Termination for Cause Clause: This provision outlines the conditions under which the contractor may terminate the subcontractor's services. It typically includes instances such as non-performance, breach of contract, or failure to meet agreed-upon deadlines. 5. Contractor Completion and Retention Clause: This provision allows the contractor, upon termination for cause, to complete the remaining work themselves. It also grants them the right to retain all amounts due to the subcontractor to cover any additional costs incurred. It is crucial for both the contractor and subcontractor to fully understand these subcontracts and their provisions, as they govern the agreement and can have significant financial implications. Furthermore, it is recommended that legal professionals review and draft these subcontracts to ensure compliance with local laws and industry standards.
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.