Chicago Illinois Agreement for Construction of a Building with no Assignment or Subletting of either Party's Interest without Consent of other Party

• Category: Construction - Contractors - Commercial
• State: Multi-State
• City: Chicago
• Control #: US-1340833-BG
• Format: Word; Rich Text

Description

This Form is an agreement for construction of a building with no assignment or subletting of either party's interest without consent of other party. The Chicago Illinois Agreement for Construction of a Building with no Assignment or Subletting of either Party's Interest without Consent of other Party is a legally binding contract that governs the construction of a building in the city of Chicago, Illinois. This agreement specifically prohibits the assignment or subletting of either party's interest without obtaining the prior consent of the other party. Key terms and keywords relevant to this agreement include: 1. Chicago Illinois: Refers to the geographical location where the agreement is applicable, implying that the construction project is taking place within the city limits of Chicago, Illinois. 2. Agreement for Construction of a Building: Indicates that the purpose of the contract is to establish the terms and conditions for the construction of a building. This agreement outlines the roles, responsibilities, and obligations of both parties involved in the construction project. 3. Assignment: Refers to the transfer of rights and obligations from one party to another. In the context of this agreement, it signifies that neither party can transfer their interest in the construction project to a third party without obtaining consent. 4. Subletting: Implies the act of leasing or renting a property or a portion of it to a third party. In this agreement, it means that neither party can lease nor sublease the building or any part of it to another entity without acquiring consent. 5. Consent: Signifies the permission or approval required from the other party before engaging in any assignment or subletting activity. Without obtaining consent, both parties are prohibited from transferring their respective interests. Different types of Chicago Illinois Agreement for Construction of a Building with no Assignment or Subletting of either Party's Interest without Consent of other Party may include variations based on project size, timelines, or specifics. Examples of these different types could be: 1. Standard Agreement: A generic contract that outlines the basic terms and conditions for construction projects without any additional or specific provisions. 2. Fast-Track Agreement: Tailored for projects with tight deadlines and accelerated construction schedules. 3. Design-Build Agreement: Suitable for projects where a single entity is responsible for both design and construction. 4. Construction Management Agreement: Applicable when the construction manager is hired to oversee the project and coordinate various subcontractors. In conclusion, the Chicago Illinois Agreement for Construction of a Building with no Assignment or Subletting of either Party's Interest without Consent of other Party is a contract designed to ensure that neither party can transfer nor sublease their interest without proper consent. The agreement includes the above-mentioned keywords and may have different variations depending on project-specific requirements and circumstances.

The Chicago Illinois Agreement for Construction of a Building with no Assignment or Subletting of either Party's Interest without Consent of other Party is a legally binding contract that governs the construction of a building in the city of Chicago, Illinois. This agreement specifically prohibits the assignment or subletting of either party's interest without obtaining the prior consent of the other party. Key terms and keywords relevant to this agreement include: 1. Chicago Illinois: Refers to the geographical location where the agreement is applicable, implying that the construction project is taking place within the city limits of Chicago, Illinois. 2. Agreement for Construction of a Building: Indicates that the purpose of the contract is to establish the terms and conditions for the construction of a building. This agreement outlines the roles, responsibilities, and obligations of both parties involved in the construction project. 3. Assignment: Refers to the transfer of rights and obligations from one party to another. In the context of this agreement, it signifies that neither party can transfer their interest in the construction project to a third party without obtaining consent. 4. Subletting: Implies the act of leasing or renting a property or a portion of it to a third party. In this agreement, it means that neither party can lease nor sublease the building or any part of it to another entity without acquiring consent. 5. Consent: Signifies the permission or approval required from the other party before engaging in any assignment or subletting activity. Without obtaining consent, both parties are prohibited from transferring their respective interests. Different types of Chicago Illinois Agreement for Construction of a Building with no Assignment or Subletting of either Party's Interest without Consent of other Party may include variations based on project size, timelines, or specifics. Examples of these different types could be: 1. Standard Agreement: A generic contract that outlines the basic terms and conditions for construction projects without any additional or specific provisions. 2. Fast-Track Agreement: Tailored for projects with tight deadlines and accelerated construction schedules. 3. Design-Build Agreement: Suitable for projects where a single entity is responsible for both design and construction. 4. Construction Management Agreement: Applicable when the construction manager is hired to oversee the project and coordinate various subcontractors. In conclusion, the Chicago Illinois Agreement for Construction of a Building with no Assignment or Subletting of either Party's Interest without Consent of other Party is a contract designed to ensure that neither party can transfer nor sublease their interest without proper consent. The agreement includes the above-mentioned keywords and may have different variations depending on project-specific requirements and circumstances.