Contractual Risk Shifting: Commercial Construction

more+
less-

If you are engaged in general contracting and think you have shifted the risk of non-payment by the owner to your subcontractors you should review this article. At least in Texas, unless the contract makes it clear with express language that the risk is shifted, you might find that you are obligated to pay your subcontractors even if the owner doesn't pay you. Review your contracts and make sure that your language makes payment by the owner a condition precedent to your obligation to your subcontractors.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Lawrence Wilson | Attorney Advertising

Written by:

more+
less-

Lawrence Wilson on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×