Subcontractors often find themselves navigating risky terms in construction contracts. Among the myriad clauses that can affect their bottom line, “Pay-if-Paid” provisions stand out as particularly risky. These provisions essentially allow the general contractor (GC) to shift the burden of payment uncertainty onto subcontractors, conditioning payment on the GC’s receiving payment from the property owner.Continue reading “Risks of Pay-if-Paid Terms for Florida Subcontractors”
Category Archives: Contracts
Are Verbal Construction Agreements Valid in Florida?
Written Contracts are Typically Not Required In Florida, construction contracts require three key elements: an offer, acceptance, and consideration (an exchange of something of value). Noticeably, a written contract and signatures are not elements on this list. Some contracts in Florida must be in writing to be enforceable. For example, contracts for the saleContinue reading “Are Verbal Construction Agreements Valid in Florida?”
Requesting a Change Order: 5 Best Practices
Change orders are a common aspect of Florida construction projects, often necessitated by unforeseen circumstances or changes in project plans. For subcontractors seeking additional compensation through a change order, understanding their rights and obligations can mean the difference between success and failure. This article discusses 5 best practices for requesting additional compensation under a changeContinue reading “Requesting a Change Order: 5 Best Practices”
Early Termination of B2B Service Contracts
In small business, circumstances often change, and what once seemed like a mutually beneficial service contract between two businesses can turn into a burden for the customer. Whether due to shifts in priorities, financial constraints, or dissatisfaction with the service, customers may find themselves exploring options to exit an ongoing service contract. This blog postContinue reading “Early Termination of B2B Service Contracts”
5 Critical Clauses for B2B Terms of Service
Small businesses in Florida navigate a myriad of challenges and legal risks when contracting to provide goods or services to other businesses. A well-drafted contract not only establishes the rights and obligations of both parties but also protects businesses from potential risks and liabilities. In the sunshine state, there are five crucial contract provisions thatContinue reading “5 Critical Clauses for B2B Terms of Service”
READY LEGAL 