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5 Key Elements Every Construction Contract Should Contain1) The project's scope.2) The cost and payment terms.3) The project's time frame.4) Protection against lien law.5) Dispute resolution clauses.
No, you do not legally need a contractor's license to flip houses.
Elements of a Construction ContractName of contractor and contact information.Name of homeowner and contact information.Describe property in legal terms.List attachments to the contract.The cost.Failure of homeowner to obtain financing.Description of the work and the completion date.Right to stop the project.More items...
Probably. Under Arizona law an owner of any land can build a home on that land without obtaining a contractor's license but only if the owner of the land intends to occupy the home, and does not intend to sell or rent the home.
What should be included in a Contractor Agreement?Statement of Relationship.Project Description.Payment and Billing Terms.Responsibilities of Each Party.Project Timeline and Deadlines.Termination Conditions.Nondisclosure Terms, and Confidentiality and Non-Compete Clauses.
Handyman Exemption As stated above, Arizona requires a license for any project over $1,000. If the labor and costs are less than $1,000, you may fall under the minor work exception.
How do I create an Independent Contractor Agreement?State the location.Describe the type of service required.Provide the contractor's and client's details.Outline compensation details.State the agreement's terms.Include any additional clauses.State the signing details.
What are the steps to getting a contractor license in Arizona?Identify a Qualifying Party who meets minimum requirements.Pass examinations.Submit to background checks.Form a legal entity.Obtain a bond.Pay required fees.Provide Government issued identification.Complete and submit application.