How To Use
A contracting agreement need not be any more complicated than this one.
- In fact, more complexity usually leads to more disputes. In any event, provide the details of your agreement within this framework and you should be off and running.
- As an owner, simpler contracts tend to create less distrust and other problems. As a contractor, simpler contracts accomplish much of the same and tend to get the project moving because the potential customer is less wary of the agreement.
- Make multiple copies. Give one to each signatory. Keep one in the related files.
- Be sure to negotiate progress payments carefully. This is often the “rub” or sensitive point in these kinds of transactions.