Your business is unique. It needs a unique contract.
Too frequently, a client comes to our firm with expensive and complex litigation that could have been prevented with some simple contract work on the front end. To prevent disputes, contracts should be written without ambiguities. To encourage timely payments, contracts should have provisions that charge penalties, interest and attorney fees for non-payment. In the event of a dispute, a contract can save thousands by setting forth specific and fair alternative dispute resolution processes. Here is what our founding member, Scott Wolfe, says about construction contracts:
A good construction contract can save your company headaches and thousands in future legal fees by preventing disputes and preserving legal tools and rights in the event of a dispute. Since every business is different, a custom contract is a must.
Wolfe Law Group has prepared hundreds of custom construction contracts for contractors, subcontractors, material suppliers, architects, engineers and equipment rental companies, including the following types of contracts:
Prime contracts with property owners
Vendor contracts for subcontractors
Thorough and Clear Terms
The contract lawyers at Wolfe Law Group understand that contract construction is a complex and constantly changing industry. They also understand that a contract drafting or changes to a construction contract often need to be done with little notice, and are prepared to ask questions and gather information to deliver construction contracts that clearly and unambiguously state the obligations and payment schedules for all parties involved in a project.
Disputes in construction contracts often result in costly and unnecessary delays on projects. They can also result in severe cash flow problems. Our contract lawyers will make sure that interest or penalties for late payments are included in a contract to help those involved prioritize their payment schedules. Our experience has shown that contract construction has little room for error. That is why we ask ourselves if our construction contracts address every imaginable scenario, and why we provide our clients with a .doc version of their contract so that they can quickly and easily make changes or revisions.
Contracts that Help Achieve Goals
Our goal is to provide our clients with contracts that will help them complete their projects on time and under budget. Our length and breadth of experience in contract drafting helps our clients to do this. The contract lawyers at Wolfe Law Group have prepared hundreds of contracts in many states. We regularly work with architects, contractors, material suppliers, engineers, equipment rental firms, and subcontractors. Just of a few of the specific types of contracts that we can provide include credit applications, indemnity agreements, leases, personal guarantees, promissory notes, purchase orders and vendor contracts for subcontractors. We can draft contracts in such a way as to make provisions for changes after a project is underway if all parties agree. To address the rare contingency of a dispute that is not addressed by a construction contract, the contract can include provisions for all parties to agree to arbitration or mediation of the dispute. These alternatives are usually speedier and much less expensive than taking the dispute to a court of law.
Each project is different and every party involved in a project has different needs. We can provide a contract that will protect your interests at a reasonable cost.
Despite everyone’s best efforts to make things work well, disputes in the construction industry are all too common. Disputes come in every variety and at one time or another, they effect every party to the construction project. Disputes usually consume a lot of time and money, and result in frustrating delays to the project.
When a dispute arises, the parties typically turn to the contract documents for guidence on a possible resolution.
Clear, well-drafted contracts properly guide the parties about each’s obligations, which means less time and money spent arguing over who was supposed to do what.
Plus, a construction contract can include alternative dispute resolution provisions to keep the parties out of court (expensive) and in alternative dispute resolution processes (less expensive).
When companies have cash flow problems, they prioritize their accounts payable. This simply means they decide who gets paid first, and who is put on the waiting list. For the companies who are owed money, its important to understand this mentality, and to make its debt the first in line for payment. But how? The answer is in the contract. Good contracts make it painful for companies to push off its debt.
Contract provisions that impose penalties, charge interest, provide for the recovery of attorney fees and collection costs, make it difficult for a non-paying customer to ignore the debt.