Ad
related to: escrow agreement constructionuslegalforms.com has been visited by 100K+ users in the past month
Search results
Results from the WOW.Com Content Network
Not all escrow agreements impose the duties of a legal trustee on the escrow agent, and in many such agreements, escrow agents are held to a mere gross negligence standard and benefit from indemnity and hold harmless provisions. If the escrow agent is licensed by governmental authority, [where?] then much higher legal standards may apply.
Pearl and Associates, the law firm run by Nicole Pearl, Doug Cox’s business partner and girlfriend, holds the buyer’s deposit as per an escrow agreement with Cox. But that invites a conflict ...
An escrow commonly includes a signed agreement between the two parties plus an earnest money payment check which accompanies the offer, [15] and which is generally not deposited until all parties are in agreement. The escrow deposited then leads the seller to more property disclosures, inspections and conditions removal.
A commercial contract is an agreement containing all the work that should be performed for the construction of a commercial building or non-residential building. A skillfully constructed commercial contract can protect both parties' interests, minimize risks, and increase profitability for the contractor.
Retainage is a portion of the agreed upon contract price deliberately withheld until the work is complete to assure that contractor or subcontractor will satisfy its obligations and complete a construction project. [1]
In the United States construction industry, contract agreements are usually written to allow the owner to withhold (retain) the final payment to the general contractor as "retainage". [3] The contractor is bound by the contract to complete a list of contract items, called a punch list, in order to receive final payment from the owner.
Under the program, Aqua will fund an escrow account with up to $300,000 for the remediation of lead solder and any lead-containing fixtures found in kitchen faucets. Aqua will also pay an ...
A good example are items that are not intended to be permanent, but nevertheless, necessary in the course of construction. A temporary construction fence may be required, may serve a valuable function in safety and security, but is never expected to become part of the realty, so therefore is not a cost that is permitted under a mechanic's lien.
Ad
related to: escrow agreement constructionuslegalforms.com has been visited by 100K+ users in the past month