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 New Jersey Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments is a legal document that outlines the terms and conditions for accepting late payments from the owner. This agreement is designed to protect the rights and interests of both parties involved in a construction project in New Jersey. Keywords: New Jersey, Non-Waiver Agreement, Contractor, Owner, Accepting Late Payments, Construction Project, Legal Document, Terms and Conditions, Rights, Interests. There are different types of Non-Waiver Agreements that can be used between contractors and owners in New Jersey. Some of them include: 1. Standard Non-Waiver Agreement: This type of agreement follows the general guidelines set by New Jersey construction laws and regulations. It covers the basics of accepting late payments and ensures that the rights of both parties are protected. 2. Customized Non-Waiver Agreement: In certain situations, contractors and owners may opt to draft a customized agreement based on specific project requirements or individual preferences. This allows for greater flexibility and customization of the terms and conditions regarding late payments. 3. Lump-Sum Non-Waiver Agreement: This agreement is typically used for fixed-price contracts, where the owner agrees to pay the contractor a set amount for the entire project. The agreement may include provisions for accepting late payments while ensuring that the contractor's rights are maintained. 4. Time and Materials Non-Waiver Agreement: In projects where the costs are based on the time and materials used, this type of agreement specifies the terms for accepting late payments. It may include provisions for hourly rates, materials reimbursement, and late payment penalties. 5. Progress Payment Non-Waiver Agreement: For construction projects with multiple stages or milestones, this agreement defines the terms for accepting late payments at each stage. It ensures that the contractor is compensated for completed work while maintaining the owner's responsibility to make timely payments. Overall, a New Jersey Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments is a crucial legal document that establishes clear terms and conditions for handling late payments in construction projects. Using a specific type of agreement enables both parties to outline their rights and obligations, thereby mitigating potential conflicts and ensuring a smooth project execution.A New Jersey Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments is a legal document that outlines the terms and conditions for accepting late payments from the owner. This agreement is designed to protect the rights and interests of both parties involved in a construction project in New Jersey. Keywords: New Jersey, Non-Waiver Agreement, Contractor, Owner, Accepting Late Payments, Construction Project, Legal Document, Terms and Conditions, Rights, Interests. There are different types of Non-Waiver Agreements that can be used between contractors and owners in New Jersey. Some of them include: 1. Standard Non-Waiver Agreement: This type of agreement follows the general guidelines set by New Jersey construction laws and regulations. It covers the basics of accepting late payments and ensures that the rights of both parties are protected. 2. Customized Non-Waiver Agreement: In certain situations, contractors and owners may opt to draft a customized agreement based on specific project requirements or individual preferences. This allows for greater flexibility and customization of the terms and conditions regarding late payments. 3. Lump-Sum Non-Waiver Agreement: This agreement is typically used for fixed-price contracts, where the owner agrees to pay the contractor a set amount for the entire project. The agreement may include provisions for accepting late payments while ensuring that the contractor's rights are maintained. 4. Time and Materials Non-Waiver Agreement: In projects where the costs are based on the time and materials used, this type of agreement specifies the terms for accepting late payments. It may include provisions for hourly rates, materials reimbursement, and late payment penalties. 5. Progress Payment Non-Waiver Agreement: For construction projects with multiple stages or milestones, this agreement defines the terms for accepting late payments at each stage. It ensures that the contractor is compensated for completed work while maintaining the owner's responsibility to make timely payments. Overall, a New Jersey Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments is a crucial legal document that establishes clear terms and conditions for handling late payments in construction projects. Using a specific type of agreement enables both parties to outline their rights and obligations, thereby mitigating potential conflicts and ensuring a smooth project execution.
