Tag: New Jersey
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Should New Jersey Pass Payment Penalty Bill – Or Fix Mechanics Lien Laws?
There is a bill pending in the New Jersey legislature that is splitting the construction industry between general contractors and subcontractors, as the bill proposes penalties against contractors who fail to pay its subcontractors within a prescribed amount of time. The bill and the dispute between these groups is discussed in a NJBiz article: Subcontractors,…
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I Didn’t Just Waive My Lien Rights, Did I?: Assessing State Laws
Are you waving goodbye to your lien rights in your contract? Can owners do that? Recently zlien reported that Virginia law permits a contractor to waive its lien rights in any project. While this certainly is not uniform across all states, there are a number of states which follow this line of thinking. The existence…