What should a contractor agreement include?

Terms. This is the first section of any agreement or contract and states the names and locations of the parties involved. Responsibilities & Deliverables. Payment-Related Details. Confidentiality Clause. Contract Termination. Choice of Law.

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Colorado Drainage Contract for Contractor

Colorado Drainage Contract for Contractor

Name: Colorado Drainage Contract for Contractor
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.61 (400 reviews)

Category:

Colorado Construction - Contractors - Drainage

State:

Colorado

Control #:

CO-00462-26

Format:

Instant download

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Description

This form is designed for use between Drainage Contractors and Property Owners and may be executed with either a cost plus or fixed fee payment arrangement. This contract addresses such matters as change orders, work site information, warranty and insurance. This form was specifically drafted to comply with the laws of the State of Colorado.

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FAQ

Identifying/Contact Information. Title and Description of the Project. Projected Timeline and Completion Date. Cost Estimate and Payment Schedule. Stop Work Clause and Stop Payment Clause. Act of God Clause. Change Order Agreement. Warranty.

A termination for cause can only take place if one party cannot completely fulfill their contractual duties. An example of this would be a contractor terminating their contract for cause because the owner failed to pay them in the time that was determined in the contract.

Terms. This is the first section of any agreement or contract and states the names and locations of the parties involved. Responsibilities & Deliverables. Payment-Related Details. Confidentiality Clause. Contract Termination. Choice of Law.

Under the terms of any contract, both parties have an obligation to perform according to the contract. If one party fails to perform, blocks the other party from performing, or otherwise violates the terms of the contract without a legal justification, they have breached the contract and the contract can be terminated.

There are many reasons for terminating a construction contract. Some of the most common are nonpayment by the owner or contractor, nonperformance by the contractor or subcontractors, timeliness of performance, lack of communication or simply an inability to get along.

Employees are paid by a fixed salary or hourly wage while independent contractors are often paid per project. Can the hiring entity terminate the worker at any time? Usually, independent contractors cannot be fired at-will like employees can because they have contracts that outline termination.

Name 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.

Termination is a right granted the owner or general contractor and does not have a parallel right for the contractor or subcontractor to terminate a contract. A contractor or subcontractor can abandon a contract upon breach by the owner or general contractor, but cannot terminate the contract.

Both parties should sign the contract, and both should be bound by the terms and conditions spelled out in the agreement. In general that means the contractor will be obliged to provide specified materials and to perform certain services for you. In turn, you will be required to pay for those goods and that labor.

Colorado Drainage Contract for Contractor

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