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.
Allegheny Pennsylvania Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments is a legally binding contract that outlines the terms and conditions agreed upon by both parties regarding the acceptance of late payments in the context of a construction project in Allegheny County, Pennsylvania. This agreement is designed to protect the rights and interests of both the contractor and the owner, establishing clear guidelines and provisions. There are several types of Allegheny Pennsylvania Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments, depending on the specific circumstances and requirements of the parties involved. These may include: 1. Standard Non-Waiver Agreement: This agreement establishes the general terms and conditions for accepting late payments. It outlines the consequences, penalties, and interest charges associated with late payments, as well as any grace periods or additional provisions. 2. Partial Payment Non-Waiver Agreement: In some cases, the contractor and owner may agree to accept partial payments for outstanding invoices or progress payments. This type of agreement specifies the conditions under which partial payments will be accepted, including the allocation of funds towards outstanding balances and the impact on project milestones or deadlines. 3. Time Extension Non-Waiver Agreement: If there are valid reasons for late payments, such as unforeseen circumstances or a genuine dispute, the contractor and owner may enter into an agreement that grants a time extension for payment. This agreement sets out the duration and conditions for the extension, ensuring that the contractor's rights are protected while allowing the owner a reasonable opportunity to make payments. 4. Alternative Payment Arrangements Non-Waiver Agreement: In certain situations, the contractor and owner may agree on alternative payment arrangements, such as installment plans, payment schedules, or deferred payment terms. This agreement delineates the specific terms, conditions, and potential modifications to the original payment schedule, ensuring both parties' consent and acknowledgment. Regardless of the specific type of Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments used in Allegheny Pennsylvania, it is crucial to consult a legal professional to ensure compliance with local laws and regulations. This agreement serves as a safeguard for both the contractor and owner, promoting transparency, fair practices, and proactive dispute resolution.Allegheny Pennsylvania Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments is a legally binding contract that outlines the terms and conditions agreed upon by both parties regarding the acceptance of late payments in the context of a construction project in Allegheny County, Pennsylvania. This agreement is designed to protect the rights and interests of both the contractor and the owner, establishing clear guidelines and provisions. There are several types of Allegheny Pennsylvania Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments, depending on the specific circumstances and requirements of the parties involved. These may include: 1. Standard Non-Waiver Agreement: This agreement establishes the general terms and conditions for accepting late payments. It outlines the consequences, penalties, and interest charges associated with late payments, as well as any grace periods or additional provisions. 2. Partial Payment Non-Waiver Agreement: In some cases, the contractor and owner may agree to accept partial payments for outstanding invoices or progress payments. This type of agreement specifies the conditions under which partial payments will be accepted, including the allocation of funds towards outstanding balances and the impact on project milestones or deadlines. 3. Time Extension Non-Waiver Agreement: If there are valid reasons for late payments, such as unforeseen circumstances or a genuine dispute, the contractor and owner may enter into an agreement that grants a time extension for payment. This agreement sets out the duration and conditions for the extension, ensuring that the contractor's rights are protected while allowing the owner a reasonable opportunity to make payments. 4. Alternative Payment Arrangements Non-Waiver Agreement: In certain situations, the contractor and owner may agree on alternative payment arrangements, such as installment plans, payment schedules, or deferred payment terms. This agreement delineates the specific terms, conditions, and potential modifications to the original payment schedule, ensuring both parties' consent and acknowledgment. Regardless of the specific type of Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments used in Allegheny Pennsylvania, it is crucial to consult a legal professional to ensure compliance with local laws and regulations. This agreement serves as a safeguard for both the contractor and owner, promoting transparency, fair practices, and proactive dispute resolution.
