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.
Clark Nevada Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments is a legal contract that outlines the terms and conditions regarding the acceptance of late payments by contractors from property owners in Clark County, Nevada. This agreement is designed to protect the rights of both parties and ensure a fair and transparent payment process. In this agreement, the contractor and owner acknowledge that late payments may occur due to various reasons such as financial constraints, delays in financing, or unforeseen circumstances. The agreement sets forth the conditions under which the contractor will accept late payments without waiving their rights to seek prompt payment in the future. The main purpose of this agreement is to establish a clear understanding between the contractor and owner regarding late payments and avoid any misunderstandings or disputes. It outlines the terms and conditions under which late payments will be accepted, including any additional fees or interest that may be incurred. Some of the key provisions that are typically included in the Clark Nevada Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments are: 1. Late Payment Terms: This section specifies the timeframe within which payments are expected to be made and any grace period that may be granted. It also outlines the consequences of late payments, such as interest charges or penalty fees. 2. Acceptance of Late Payments: This provision details the circumstances under which the contractor may accept late payments without waiving their rights to enforce prompt payment in the future. It may include conditions such as a written notification from the owner explaining the reason for the delay or a formal agreement on a modified payment schedule. 3. Additional Fees or Interest: This section outlines any additional fees or interest that may be charged on late payments and specifies the rate or method of calculation. It is important to clarify these terms to ensure both parties are aware of the financial consequences of late payment. 4. Waiver of Rights: This provision explicitly states that accepting a late payment does not waive the contractor's rights to enforce prompt payment in the future. It confirms that the agreement is limited to the specific late payment in question and does not create a precedent for future late payments. There might not be different types of Clark Nevada Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments, as it typically follows a standardized format to ensure consistency and compliance with applicable laws and regulations. However, variations in specific terms and conditions may be made depending on the unique circumstances of each contract or the preferences of the parties involved.Clark Nevada Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments is a legal contract that outlines the terms and conditions regarding the acceptance of late payments by contractors from property owners in Clark County, Nevada. This agreement is designed to protect the rights of both parties and ensure a fair and transparent payment process. In this agreement, the contractor and owner acknowledge that late payments may occur due to various reasons such as financial constraints, delays in financing, or unforeseen circumstances. The agreement sets forth the conditions under which the contractor will accept late payments without waiving their rights to seek prompt payment in the future. The main purpose of this agreement is to establish a clear understanding between the contractor and owner regarding late payments and avoid any misunderstandings or disputes. It outlines the terms and conditions under which late payments will be accepted, including any additional fees or interest that may be incurred. Some of the key provisions that are typically included in the Clark Nevada Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments are: 1. Late Payment Terms: This section specifies the timeframe within which payments are expected to be made and any grace period that may be granted. It also outlines the consequences of late payments, such as interest charges or penalty fees. 2. Acceptance of Late Payments: This provision details the circumstances under which the contractor may accept late payments without waiving their rights to enforce prompt payment in the future. It may include conditions such as a written notification from the owner explaining the reason for the delay or a formal agreement on a modified payment schedule. 3. Additional Fees or Interest: This section outlines any additional fees or interest that may be charged on late payments and specifies the rate or method of calculation. It is important to clarify these terms to ensure both parties are aware of the financial consequences of late payment. 4. Waiver of Rights: This provision explicitly states that accepting a late payment does not waive the contractor's rights to enforce prompt payment in the future. It confirms that the agreement is limited to the specific late payment in question and does not create a precedent for future late payments. There might not be different types of Clark Nevada Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments, as it typically follows a standardized format to ensure consistency and compliance with applicable laws and regulations. However, variations in specific terms and conditions may be made depending on the unique circumstances of each contract or the preferences of the parties involved.
