Tag: Contingent Payment
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What Does “Pay-When-Paid” Mean?
In the construction business, everything comes down to the contract. And that’s unfortunate because most of the people who make up the construction industry aren’t lawyers, they’re contractors, builders, and suppliers! They haven’t spent their professional lives learning how to interpret contract clauses and the intricacies of construction law — they’ve spent their careers building things!…
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Subcontractor Forced to Give Up Lien Rights Before a Project Starts? It Can Happen
When a construction contract contains language that requires a subcontractor or materials supplier to waive their lien rights when the contract is signed, and before the actual work on the project has even started, this is called a “No Lien Clause.”