If you work in the construction industry, a subcontract is a useful, formal and legally binding agreement between a contractor and a subcontractor for a construction project. This is a great way to grow your business as a contractor or subcontractor. Contractors, sometimes referred to as general contractors, use subcontracts to protect themselves and the subcontractors they hire. Henley construction co., Inc. 7940 queenair drive gaithersburg, md 20879 (301) 4171006 Joint Check Agreement this agreement is concluded from: henley construction co., Inc. as the main contractor (contractor), as a subcontractor… A termination clause is another important part of a subcontracting agreement. These provisions specify the reasons, termination requirements and termination obligations of the contract. Electronic signatures are fast, simple and legally binding. Construction equipment manufacturers are not always on site, so the document is ready for the signature E-Sign-E is the agreement. Time is really crucial in the construction world. ApproveMe.com is ready to help you increase your company`s productivity and do more business.
The document contains several sections and inclusions. You can benefit from the use of a professional subcontract model, as it contains all the necessary areas that you need to document when setting up the contract. If you forego hiring a legal expert to develop all the details of a subcontract, the use of a formal and prefabricated subcontract model is the closest. You can ensure that you specify all contractual information in a still legally binding form. The benefits of using a model include potential savings in legal fees and document development. However, the most important benefit is the legal protection afforded by the document to the contractors and subcontractors mentioned in the subcontracting agreement form. SECTION 3. PAYMENT The final payment for work performed under this contract is made within days of the competition.
Payments must be made by credit card, payment order, cheque or any other method of payment accepted by the subcontractor.