If you haven’t yet acted to streamline your contracts and your new client procedures, do so now. Unless, that is, you like spending time with your lawyer. Lawsuits take time and money. Avoid them (and your lawyer) through good risk avoidance practices.
Last year I wrote a post on 6 Ways to Limit Risk through effective use of contracts on your Projects. Included in that list were such tips as:
• Always, always, always use a contract for each new project. (Verbal agreements are very hard to prove in Court). Without a written contract, you are trusting yourself to laws you may not agree with or giving up valuable protections.
• Get your contract reviewed by your insurance carrier. Insurance check-ups through your agent or broker are usually free. Why risk it?
Please see full article below for more information.
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Commercial Law & Contracts Updates, Construction Law Updates, Insurance Updates
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.
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