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 South Carolina Non-Waiver Agreement between a contractor and owner regarding accepting late payments is a legally binding document that outlines the terms and conditions for accepting late payments for services provided by the contractor. It serves as a protection for both parties involved, ensuring that the contractor receives timely payment and the owner understands the consequences of late payments. This agreement covers various scenarios of late payments, including circumstances where the owner requests an extension to the payment deadline due to unforeseen circumstances or financial constraints. It also addresses the potential repercussions and additional fees that may be incurred as a result of late payments. Different types of South Carolina Non-Waiver Agreements between a contractor and owner Regarding Accepting Late Payments may include: 1. Standard Late Payment Agreement: This agreement establishes a set payment schedule and clearly outlines the consequences for late payments, such as interest charges or suspension of services until the payment is received. Both parties agree to abide by the terms stated within the agreement. 2. Extension Request Agreement: This type of agreement is created when the owner requests an extension to the payment deadline. It outlines the conditions under which an extension may be granted, such as providing a legitimate reason for the delay and agreeing to pay any additional fees or interest that may be applicable. 3. Installment Payment Agreement: This agreement is designed to accommodate owners who may face financial constraints or prefer to pay in installments. It establishes a schedule for multiple payments and specifies the consequences for missing or late installments. Keywords: South Carolina, non-waiver agreement, contractor, owner, accepting late payments, legally binding, terms and conditions, timely payment, unforeseen circumstances, financial constraints, repercussions, additional fees, payment schedule, interest charges, suspension of services, extension request, legitimate reason, late installments.A South Carolina Non-Waiver Agreement between a contractor and owner regarding accepting late payments is a legally binding document that outlines the terms and conditions for accepting late payments for services provided by the contractor. It serves as a protection for both parties involved, ensuring that the contractor receives timely payment and the owner understands the consequences of late payments. This agreement covers various scenarios of late payments, including circumstances where the owner requests an extension to the payment deadline due to unforeseen circumstances or financial constraints. It also addresses the potential repercussions and additional fees that may be incurred as a result of late payments. Different types of South Carolina Non-Waiver Agreements between a contractor and owner Regarding Accepting Late Payments may include: 1. Standard Late Payment Agreement: This agreement establishes a set payment schedule and clearly outlines the consequences for late payments, such as interest charges or suspension of services until the payment is received. Both parties agree to abide by the terms stated within the agreement. 2. Extension Request Agreement: This type of agreement is created when the owner requests an extension to the payment deadline. It outlines the conditions under which an extension may be granted, such as providing a legitimate reason for the delay and agreeing to pay any additional fees or interest that may be applicable. 3. Installment Payment Agreement: This agreement is designed to accommodate owners who may face financial constraints or prefer to pay in installments. It establishes a schedule for multiple payments and specifies the consequences for missing or late installments. Keywords: South Carolina, non-waiver agreement, contractor, owner, accepting late payments, legally binding, terms and conditions, timely payment, unforeseen circumstances, financial constraints, repercussions, additional fees, payment schedule, interest charges, suspension of services, extension request, legitimate reason, late installments.
