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 District of Columbia Non-Waiver Agreement between a Contractor and an Owner Regarding Accepting Late Payments is a legally binding document that outlines the terms and conditions under which a contractor agrees to accept late payments from an owner. This agreement ensures that any late payments are still enforceable and does not waive the contractor's right to seek legal action in case of non-payment or breach of contract. The District of Columbia Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments acts as a safeguard for the contractor by explicitly stating that accepting late payments on specific occasions does not establish a precedent or waive the contractor's rights to enforce timely payments in the future. This agreement protects the contractor from potential disputes and allows for flexibility in extenuating circumstances while maintaining the integrity of the payment terms agreed upon. Keywords: District of Columbia, Non-Waiver Agreement, contractor, owner, late payments, enforceable, legal action, breach of contract, safeguard, precedent, timely payments, disputes, extenuating circumstances, payment terms. Different types of District of Columbia Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments may include variations or additions depending on the specific circumstances and requirements of the contracting parties. These may include: 1. Lump Sum Non-Waiver Agreement: This type of agreement explicitly states that accepting a late payment as a one-time occurrence does not constitute a waiver of the contractor's right to enforce timely payment for any future invoices. 2. Installment Non-Waiver Agreement: In situations where the project payment is divided into multiple installments, this agreement clarifies that accepting a late payment for one installment does not waive the contractor's right to enforce timely payment for subsequent installments. 3. Performance Non-Waiver Agreement: This type of agreement focuses on late payments in relation to the contractor's performance milestones or deliverables. It specifies that accepting late payments for a particular milestone does not relinquish the contractor's right to enforce timely payment for future milestones or terminate the contract for non-payment. 4. Force Mature Non-Waiver Agreement: This agreement recognizes the possibility of delays caused by unforeseen events, such as natural disasters or emergencies. It states that accepting late payments due to force majeure events does not waive the contractor's right to enforce timely payment for other non-force majeure-related issues. These different types of District of Columbia Non-Waiver Agreements provide flexibility while maintaining the contractor's rights and ensuring that accepting late payments does not establish a precedent for future adherence to timely payment terms.A District of Columbia Non-Waiver Agreement between a Contractor and an Owner Regarding Accepting Late Payments is a legally binding document that outlines the terms and conditions under which a contractor agrees to accept late payments from an owner. This agreement ensures that any late payments are still enforceable and does not waive the contractor's right to seek legal action in case of non-payment or breach of contract. The District of Columbia Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments acts as a safeguard for the contractor by explicitly stating that accepting late payments on specific occasions does not establish a precedent or waive the contractor's rights to enforce timely payments in the future. This agreement protects the contractor from potential disputes and allows for flexibility in extenuating circumstances while maintaining the integrity of the payment terms agreed upon. Keywords: District of Columbia, Non-Waiver Agreement, contractor, owner, late payments, enforceable, legal action, breach of contract, safeguard, precedent, timely payments, disputes, extenuating circumstances, payment terms. Different types of District of Columbia Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments may include variations or additions depending on the specific circumstances and requirements of the contracting parties. These may include: 1. Lump Sum Non-Waiver Agreement: This type of agreement explicitly states that accepting a late payment as a one-time occurrence does not constitute a waiver of the contractor's right to enforce timely payment for any future invoices. 2. Installment Non-Waiver Agreement: In situations where the project payment is divided into multiple installments, this agreement clarifies that accepting a late payment for one installment does not waive the contractor's right to enforce timely payment for subsequent installments. 3. Performance Non-Waiver Agreement: This type of agreement focuses on late payments in relation to the contractor's performance milestones or deliverables. It specifies that accepting late payments for a particular milestone does not relinquish the contractor's right to enforce timely payment for future milestones or terminate the contract for non-payment. 4. Force Mature Non-Waiver Agreement: This agreement recognizes the possibility of delays caused by unforeseen events, such as natural disasters or emergencies. It states that accepting late payments due to force majeure events does not waive the contractor's right to enforce timely payment for other non-force majeure-related issues. These different types of District of Columbia Non-Waiver Agreements provide flexibility while maintaining the contractor's rights and ensuring that accepting late payments does not establish a precedent for future adherence to timely payment terms.
