Tag: Joint Check Agreements
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How to Use Joint Check Agreements to Your Benefit
Joint check agreements are common in the construction industry. In fact, since they are multi-party documents and construction projects are multi-party endeavors, they are almost exclusively used in the construction industry. These documents may be a perfect fit in a particular situation, but they are not as simple or risk-free as they seem. This lesson…
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Mechanics Liens Can Force A Favorable Joint Check Agreement
Sometimes, the financial situation of certain parties throughout the contracting chain on a construction project can be less than ideal. More likely than not, the owner or even the general contractor are not aware of this situation, which can spell disaster for some parties like suppliers or other subcontractors. Filing a mechanics lien can result…
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Ultimate Guide To Being A Successful Credit Manager
Every day, credit professionals are challenged to handle sensitive financial situations for businesses. They are trusted to analyze complex situations and to make an educated judgment about how to financially interact with other companies. This is a big job. It can make drastic impacts on a company; that is, drastically good, or drastically bad. If you are…
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Joint Check Agreement Mistakes: Recorded Webinar and Conversation Now Available On Demand
Joint check agreements are encountered nearly every day by credit managers in the construction and building supply industries. These documents are wildly popular, but they’re also wildly unpredictable and the potential source for costly mistakes. Over the past few years we’ve addressed the issues presented by joint check agreements. See, for example, the Joint Check…
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Most Dangerous Joint Check Agreement Mistakes Revealed
This past Wednesday, Nate & I co-hosted a very successful Webinar: The Joint Check Agreement Mistakes That Can Cost You Thousands. It was very successful, and we had a great discussion about problems you may encounter when dealing with these popular instruments. The slides from the presentation are available on our SlideShare account and viewable…