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 Oregon Agreement Between Contractor and Owner to Remodel Residential Building is a legally binding document that outlines the specific terms and conditions of a residential remodeling project in the state of Oregon. This agreement is entered into between the contractor, who will be responsible for carrying out the remodeling work, and the owner of the property. The purpose of this agreement is to clearly define the scope of the remodeling project, including the specific work to be completed, the timeline for completion, and the payment terms. It also serves to protect both parties involved by addressing important legal and financial considerations. Some key elements commonly found in this agreement include: 1. Parties involved: The agreement starts by identifying the contractor and the owner, including their legal names and addresses. 2. Project description: A thorough description of the remodeling project is provided, outlining all the work to be done. This may include details such as demolition, construction, installation of fixtures, painting, and any other specific tasks relevant to the project. 3. Payment terms: The agreement specifies the total cost of the project, as well as the payment schedule. It may outline how and when payments will be made, including any upfront deposits or milestone payments. 4. Change orders: A provision is usually included that allows for changes or modifications to the original project scope. This section will explain how change orders will be processed, including any potential additional costs and extensions to the timeline. 5. Timeline: The agreement will establish a start date and anticipated completion date for the remodeling project. It may also address potential delays caused by unforeseen circumstances or issues beyond the control of the contractor. 6. Permits and inspections: The agreement may require the contractor to obtain all necessary permits and undergo inspections as required by local building codes and regulations. 7. Insurance and liability: Both the contractor and owner are often required to carry adequate insurance coverage for the project. Additionally, this section may outline how liability for damages or accidents will be managed. 8. Termination: The agreement may include provisions for termination, allowing either party to cancel the contract under specific circumstances. This section will also outline any penalties or fees associated with early termination. It is worth mentioning that the specific content and structure of the Oregon Agreement Between Contractor and Owner to Remodel Residential Building may vary depending on individual circumstances, project complexity, and the preferences of the parties involved. It is recommended for those undertaking a remodeling project to consult with legal professionals or utilize templates provided by authorized sources to ensure compliance with local laws and regulations.
