Whether you need legal advice while reviewing the other party’s contract, or help drafting your own construction contract, Lawrence Law can help you establish and understand the terms of your agreement prior to the start of the project.
- For most jobs, Subcontractors must execute the prime contractor’s subcontract agreement, which is imbalanced and intended to protect only the prime contractor. Lawrence Law routinely reviews subcontracts to educate and protect subcontractors from risks associated with payment clauses, indemnification, and liquidated damages, among other unfavorable terms and conditions.
- Teaming & Joint Venture Agreements
- Teaming and joint venture agreements can allow contractors to team up where, for example, one contractor has a small-business certification, while the other has greater bonding capacity or other resources to make the joint approach more effective. Joint venture partners need to consider putting the terms or their agreement in writing, including the degrees of participation from each partner, how funds will be tracked and accounted, how the profits and losses will be allocated, the indemnification provisions, and priority of payment with respect to vendors and joint venture partners, among other things.
- Home Improvement Contracts
- Residential renovators in Maryland are heavily governed by the Maryland Home Improvement Commission, which overwhelmingly favors the homeowner. Contracts must be MHIC compliant, in order to be enforceable. Lawrence Law helps residential contractors protect their interests by remaining compliant.