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 Georgia Non-Waiver Agreement between a contractor and owner is a legal document that outlines the terms and conditions regarding accepting late payments for services rendered or goods provided in the state of Georgia. This agreement ensures that the contractor won't waive their rights to receive full payment on time, even if a payment is received late by the owner. In such agreements, the parties involved agree that acceptance of a late payment doesn't forfeit the contractor's rights to seek timely payment for future services or goods. This agreement solidifies the understanding that accepting late payments on one occasion won't serve as a precedent for future late payments. There are several types of Non-Waiver Agreements that can be used between contractors and owners in Georgia, depending on the specific circumstances or industry. Some common variations include: 1. Construction Non-Waiver Agreement: This type of agreement is often used in the construction industry, where contractors provide various services such as remodeling, renovations, or new constructions, and might encounter payment delays from owners or clients. 2. Service Provision Non-Waiver Agreement: This agreement is applicable when service providers, such as plumbers, electricians, or maintenance technicians, are engaged in offering their services to property owners or managers. It ensures that late payment for services rendered won't waive the contractor's right to receive timely payment. 3. Supplier Non-Waiver Agreement: Suppliers of materials, products, or equipment often enter into this type of agreement with owners to safeguard their rights when faced with late payments. Regardless of the specific type, all Georgia Non-Waiver Agreements between contractors and owners regarding accepting late payments typically include key clauses. These may consist of: a. Late Payment Acceptance: Clearly states that acceptance of late payment on a particular occasion doesn't relinquish the contractor's right to receive timely payment for future services/goods. b. Payment Terms: Outlines the agreed-upon terms and deadlines for payment, specifying the grace period (if any) before late payment charges or penalties may apply. c. Notification: Requires the owner to provide written notice within a specified timeframe regarding the intent to make a late payment and the reasons behind it. d. Waiver of Future Defaults: Asserts that acceptance of a late payment won't be considered a waiver in case of future payment defaults, ensuring the contractor's ability to enforce prompt payment in subsequent instances. e. Legal Consequences: Clarifies that if any disputes arise regarding late payments or subsequent defaults, the prevailing party may be entitled to recover reasonable legal fees and costs. It's important to note that Non-Waiver Agreements are legally binding documents and should be drafted or reviewed by a qualified attorney to ensure compliance with Georgia state laws and individual circumstances.A Georgia Non-Waiver Agreement between a contractor and owner is a legal document that outlines the terms and conditions regarding accepting late payments for services rendered or goods provided in the state of Georgia. This agreement ensures that the contractor won't waive their rights to receive full payment on time, even if a payment is received late by the owner. In such agreements, the parties involved agree that acceptance of a late payment doesn't forfeit the contractor's rights to seek timely payment for future services or goods. This agreement solidifies the understanding that accepting late payments on one occasion won't serve as a precedent for future late payments. There are several types of Non-Waiver Agreements that can be used between contractors and owners in Georgia, depending on the specific circumstances or industry. Some common variations include: 1. Construction Non-Waiver Agreement: This type of agreement is often used in the construction industry, where contractors provide various services such as remodeling, renovations, or new constructions, and might encounter payment delays from owners or clients. 2. Service Provision Non-Waiver Agreement: This agreement is applicable when service providers, such as plumbers, electricians, or maintenance technicians, are engaged in offering their services to property owners or managers. It ensures that late payment for services rendered won't waive the contractor's right to receive timely payment. 3. Supplier Non-Waiver Agreement: Suppliers of materials, products, or equipment often enter into this type of agreement with owners to safeguard their rights when faced with late payments. Regardless of the specific type, all Georgia Non-Waiver Agreements between contractors and owners regarding accepting late payments typically include key clauses. These may consist of: a. Late Payment Acceptance: Clearly states that acceptance of late payment on a particular occasion doesn't relinquish the contractor's right to receive timely payment for future services/goods. b. Payment Terms: Outlines the agreed-upon terms and deadlines for payment, specifying the grace period (if any) before late payment charges or penalties may apply. c. Notification: Requires the owner to provide written notice within a specified timeframe regarding the intent to make a late payment and the reasons behind it. d. Waiver of Future Defaults: Asserts that acceptance of a late payment won't be considered a waiver in case of future payment defaults, ensuring the contractor's ability to enforce prompt payment in subsequent instances. e. Legal Consequences: Clarifies that if any disputes arise regarding late payments or subsequent defaults, the prevailing party may be entitled to recover reasonable legal fees and costs. It's important to note that Non-Waiver Agreements are legally binding documents and should be drafted or reviewed by a qualified attorney to ensure compliance with Georgia state laws and individual circumstances.
