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 Hawaii Non-Waiver Agreement between a contractor and owner regarding accepting late payments is a legally binding document that outlines the terms and conditions when the contractor agrees to accept late payments from the owner. This agreement ensures that the contractor does not waive their right to demand timely and full payments in future instances of late payments. In Hawaii, there are different types of Non-Waiver Agreements between contractors and owners regarding accepting late payments. These include: 1. Standard Payment Non-Waiver Agreement: This agreement establishes a framework where the contractor acknowledges the late payment from the owner but does not waive their right to demand timely payments in the future. It stipulates the consequences if late payments persist and safeguards the contractor's interests. 2. Partial Payment Non-Waiver Agreement: This type of agreement allows the contractor and owner to negotiate a partial payment for the late payment, while ensuring that the contractor's rights to receive full payments in a timely manner remain intact. It outlines the terms and conditions for the partial payment, late fees, and any additional repercussions for future late payments. 3. Conditional Payment Non-Waiver Agreement: This agreement specifies conditions under which the contractor agrees to accept late payments. It may require the owner to provide valid justifications for the delay, such as unforeseen circumstances or financial hardships. By defining clear conditions, the contractor can maintain their rights while also acknowledging the owner's circumstances. 4. Repeat Late Payment Non-Waiver Agreement: This type of agreement is utilized when the owner has a history of late payments. It provides an opportunity for the contractor and owner to address the ongoing issue by setting stricter guidelines, including increased late fees or penalties for repeated late payments. 5. Lump Sum Late Payment Non-Waiver Agreement: This agreement is used when the owner fails to make multiple consecutive payments. It allows the contractor to demand a lump sum payment for the outstanding balance while stating the consequences of non-payment or further late payments. In conclusion, a Hawaii Non-Waiver Agreement between a contractor and owner regarding accepting late payments is a crucial contractual document that safeguards the interests of both parties. By specifying the conditions and consequences for late payments, contractors can ensure prompt payments while acknowledging the owner's circumstances. These various types of agreements provide flexibility in addressing different scenarios and establishing a fair payment process.A Hawaii Non-Waiver Agreement between a contractor and owner regarding accepting late payments is a legally binding document that outlines the terms and conditions when the contractor agrees to accept late payments from the owner. This agreement ensures that the contractor does not waive their right to demand timely and full payments in future instances of late payments. In Hawaii, there are different types of Non-Waiver Agreements between contractors and owners regarding accepting late payments. These include: 1. Standard Payment Non-Waiver Agreement: This agreement establishes a framework where the contractor acknowledges the late payment from the owner but does not waive their right to demand timely payments in the future. It stipulates the consequences if late payments persist and safeguards the contractor's interests. 2. Partial Payment Non-Waiver Agreement: This type of agreement allows the contractor and owner to negotiate a partial payment for the late payment, while ensuring that the contractor's rights to receive full payments in a timely manner remain intact. It outlines the terms and conditions for the partial payment, late fees, and any additional repercussions for future late payments. 3. Conditional Payment Non-Waiver Agreement: This agreement specifies conditions under which the contractor agrees to accept late payments. It may require the owner to provide valid justifications for the delay, such as unforeseen circumstances or financial hardships. By defining clear conditions, the contractor can maintain their rights while also acknowledging the owner's circumstances. 4. Repeat Late Payment Non-Waiver Agreement: This type of agreement is utilized when the owner has a history of late payments. It provides an opportunity for the contractor and owner to address the ongoing issue by setting stricter guidelines, including increased late fees or penalties for repeated late payments. 5. Lump Sum Late Payment Non-Waiver Agreement: This agreement is used when the owner fails to make multiple consecutive payments. It allows the contractor to demand a lump sum payment for the outstanding balance while stating the consequences of non-payment or further late payments. In conclusion, a Hawaii Non-Waiver Agreement between a contractor and owner regarding accepting late payments is a crucial contractual document that safeguards the interests of both parties. By specifying the conditions and consequences for late payments, contractors can ensure prompt payments while acknowledging the owner's circumstances. These various types of agreements provide flexibility in addressing different scenarios and establishing a fair payment process.
