This is a sample form of an agreement between a contractor and a homeowner to remodel the homeowner's residence. A limitation of liability clause is included.
The New Mexico Agreement Between Contractor and Owner to Remodel Residential Building is a legally binding contract that outlines the terms and conditions agreed upon by the contractor and owner for a remodeling project on a residential property located in the state of New Mexico. This agreement is specifically designed for use in New Mexico and takes into account the specific laws and regulations governing construction projects in the state. It is important to note that each state may have different regulations and requirements, so it is crucial to use the specific agreement that pertains to the state where the project will take place. This agreement covers various aspects of the remodeling project, including but not limited to: 1. Identification of the parties involved: The agreement clearly identifies the contractor and owner by providing their full legal names, contact information, and addresses. 2. Scope of work: This section details the specific work to be performed for the remodeling project. It may include a detailed description of the renovations, repairs, or additions to be made, as well as any specifications or plans that need to be followed. 3. Project timeline: The agreement should outline the estimated start and completion dates of the project. It may also include provisions for potential delays, extensions, or additional time required due to unforeseen circumstances. 4. Payment terms: This section defines the payment structure and the agreed-upon amount to be paid for the remodeling services. It may include provisions for an initial deposit, progress payments, and a final payment upon completion. 5. Change orders: The agreement should address the process for handling any changes or modifications to the original scope of work. This ensures that both parties are in agreement and that any additional costs or adjustments are properly documented and approved. 6. Permits and inspections: It is crucial to include provisions related to obtaining the necessary permits and conducting inspections required by local authorities. This ensures compliance with building codes and regulations throughout the remodeling project. 7. Termination clause: The agreement should include a termination clause that outlines the conditions under which either party can terminate the contract. This may include non-performance, breach of contract, or other mutually agreed-upon reasons for termination. It is important to note that there may be different types or variations of the New Mexico Agreement Between Contractor and Owner to Remodel Residential Building depending on the specific needs of the parties involved or the nature of the remodeling project. Examples may include agreements for kitchen remodels, bathroom remodels, or whole-house renovations.
