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.
Contra Costa California Non-Waiver Agreement is a legally binding contract between a contractor and an owner in Contra Costa County, California, pertaining to the acceptance of late payments. This agreement sets forth the terms and conditions that both parties agree upon to address the issue of late payments, ensuring a fair and acceptable resolution. The Non-Waiver Agreement provides protection to both the contractor and the owner by outlining the specific circumstances and rights concerning late payments. It serves as a safeguard against potential disputes and misunderstandings, promoting a transparent and efficient business relationship between the parties involved. The agreement typically states that accepting late payments does not waive the contractor's right to enforce prompt payment thereafter, nor does it constitute a waiver of any other rights, including the imposition of penalties or interest charges on overdue payments. Additionally, the agreement may detail any specific procedures or notifications that must be followed in case of late payments, indicating the exact actions the contractor will take. Different types of Contra Costa California Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments include: 1. General Non-Waiver Agreement: This is a broad agreement that covers all types of late payments. It applies to any instance where the owner fails to make payments within the agreed-upon time frame. 2. Partial Payment Non-Waiver Agreement: This agreement specifically addresses instances where the owner makes partial payments on the amount due. It ensures that acceptance of a partial payment does not waive the contractor's right to collect the remaining balance promptly. 3. Progress Payment Non-Waiver Agreement: In construction projects that involve progress payments based on completed milestones or phases, this agreement sets the terms for accepting late progress payments. It clarifies that accepting late progress payments does not waive the contractor's right to timely receive subsequent progress payments. By having a Contra Costa California Non-Waiver Agreement in place, the contractor and owner can establish a clear understanding of how late payments will be handled. This helps maintain a smooth workflow, financial stability, and a mutually beneficial relationship between the parties, while ensuring that necessary legal protections are upheld.Contra Costa California Non-Waiver Agreement is a legally binding contract between a contractor and an owner in Contra Costa County, California, pertaining to the acceptance of late payments. This agreement sets forth the terms and conditions that both parties agree upon to address the issue of late payments, ensuring a fair and acceptable resolution. The Non-Waiver Agreement provides protection to both the contractor and the owner by outlining the specific circumstances and rights concerning late payments. It serves as a safeguard against potential disputes and misunderstandings, promoting a transparent and efficient business relationship between the parties involved. The agreement typically states that accepting late payments does not waive the contractor's right to enforce prompt payment thereafter, nor does it constitute a waiver of any other rights, including the imposition of penalties or interest charges on overdue payments. Additionally, the agreement may detail any specific procedures or notifications that must be followed in case of late payments, indicating the exact actions the contractor will take. Different types of Contra Costa California Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments include: 1. General Non-Waiver Agreement: This is a broad agreement that covers all types of late payments. It applies to any instance where the owner fails to make payments within the agreed-upon time frame. 2. Partial Payment Non-Waiver Agreement: This agreement specifically addresses instances where the owner makes partial payments on the amount due. It ensures that acceptance of a partial payment does not waive the contractor's right to collect the remaining balance promptly. 3. Progress Payment Non-Waiver Agreement: In construction projects that involve progress payments based on completed milestones or phases, this agreement sets the terms for accepting late progress payments. It clarifies that accepting late progress payments does not waive the contractor's right to timely receive subsequent progress payments. By having a Contra Costa California Non-Waiver Agreement in place, the contractor and owner can establish a clear understanding of how late payments will be handled. This helps maintain a smooth workflow, financial stability, and a mutually beneficial relationship between the parties, while ensuring that necessary legal protections are upheld.
