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.
Wyoming Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments is a legally binding document that outlines the terms and conditions under which the contractor and owner agree to accept late payments in the state of Wyoming. This agreement serves as a protection for both parties involved in a construction or renovation project and ensures prompt payment practices, even in situations where payments may be delayed. The agreement includes several key provisions to ensure clarity and fairness. Firstly, it clearly defines the contractor and the owner, providing their full legal names and contact information. It also specifies the project details, such as the project name or address, scope of work, and agreed-upon payment terms. One type of Wyoming Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments may be the "General Non-Waiver Agreement," which encompasses a wide range of construction projects. This type of agreement is applicable to residential, commercial, or industrial projects, regardless of their size or complexity. Another type of Wyoming Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments may be the "Specific Project Non-Waiver Agreement." This agreement is tailored specifically to a particular project, including all the project-specific details, such as the estimated project cost, timeline, and any additional terms unique to that project. The agreement also outlines the circumstances under which the contractor and owner agree to accept late payments. It states that any late payments must be accompanied by a written notice explaining the reason for the delay. It may specify a grace period during which late payments can still be accepted without penalty or interest charges. Furthermore, the agreement clearly states that accepting late payments does not waive the right to impose penalties or interest charges for future late payments. It emphasizes that acceptance of late payments on a specific occasion does not create a precedent or excuse for late payments in the future. The Wyoming Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments also includes provisions for dispute resolution, governing law, and jurisdiction in case disagreements arise between the parties. It encourages communication and mediation as the primary methods for resolving any conflicts that may arise during the course of the project. Overall, this agreement ensures that contractors and owners can handle late payments in a fair and consistent manner, allowing project progress to continue smoothly while still maintaining the financial security and satisfaction of both parties involved in the construction or renovation process.Wyoming Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments is a legally binding document that outlines the terms and conditions under which the contractor and owner agree to accept late payments in the state of Wyoming. This agreement serves as a protection for both parties involved in a construction or renovation project and ensures prompt payment practices, even in situations where payments may be delayed. The agreement includes several key provisions to ensure clarity and fairness. Firstly, it clearly defines the contractor and the owner, providing their full legal names and contact information. It also specifies the project details, such as the project name or address, scope of work, and agreed-upon payment terms. One type of Wyoming Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments may be the "General Non-Waiver Agreement," which encompasses a wide range of construction projects. This type of agreement is applicable to residential, commercial, or industrial projects, regardless of their size or complexity. Another type of Wyoming Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments may be the "Specific Project Non-Waiver Agreement." This agreement is tailored specifically to a particular project, including all the project-specific details, such as the estimated project cost, timeline, and any additional terms unique to that project. The agreement also outlines the circumstances under which the contractor and owner agree to accept late payments. It states that any late payments must be accompanied by a written notice explaining the reason for the delay. It may specify a grace period during which late payments can still be accepted without penalty or interest charges. Furthermore, the agreement clearly states that accepting late payments does not waive the right to impose penalties or interest charges for future late payments. It emphasizes that acceptance of late payments on a specific occasion does not create a precedent or excuse for late payments in the future. The Wyoming Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments also includes provisions for dispute resolution, governing law, and jurisdiction in case disagreements arise between the parties. It encourages communication and mediation as the primary methods for resolving any conflicts that may arise during the course of the project. Overall, this agreement ensures that contractors and owners can handle late payments in a fair and consistent manner, allowing project progress to continue smoothly while still maintaining the financial security and satisfaction of both parties involved in the construction or renovation process.
