New Mexico Provision to Include Final Billing

State:
Multi-State
Control #:
US-OL4024B
Format:
Word; 
PDF
Instant download

Description

This office lease provision states that the landlord and the tenant mutually acknowledge a good faith estimate, but that only the real estate brokerage fee has actually been determined. Thereafter, the agreed upon sum will be adjusted, increased or decreased, accordingly to reflect the actual sum once determined.

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FAQ

Does New Mexico limit the amount of retainage that can be withheld from a contractor? Retainage is prohibited in New Mexico. However, scheduling payments such that there is a line item for a ?closeout payment? after work is substantially performed may be allowed ? this is usually 5% or 10% of the contract value.

The oil and gas proceeds derived from the sale of production from any well producing oil, gas or related hydrocarbons in New Mexico shall be paid to all persons legally entitled to such payments, commencing not later than six months after the first day of the month following the date of first sale and thereafter not ...

(1) An action for breach of any contract for sale must be commenced within four years after the cause of action has accrued. By the original agreement the parties may reduce the period of limitation to not less than one year but may not extend it.

Section 57-28-5 - Payments; prompt pay required; withholding prohibited. A. Except as provided in Subsection B of this section, all construction contracts shall provide that payment for amounts due shall be paid within twenty-one days after the owner receives an undisputed request for payment.

This includes services you may get after you're in stable condition, unless you give written consent and give up your protections not to be balanced billed for these post-stabilization services. New Mexico law also protects patients from balance billing for out-of-network emergency care.

All construction contracts shall provide that contractors and subcontractors make prompt payment to their subcontractors and suppliers for amounts owed for work performed on the construction project within seven days after receipt of payment from the owner, contractor or subcontractor.

It is the purpose of the New Mexico Telecommunications Act to extend to all consumers and carriers in the state the benefits of the regulatory flexibility previously provided only to incumbent rural telecommunications carriers and to permit a regulatory framework that will allow an orderly transition from a regulated ...

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New Mexico Provision to Include Final Billing