What to Look for in a Construction Contract
If you are planning to build a home, or hire someone to remodel your existing home, it is in your best interests to sign a written agreement with the contractor. In the absence of such a contract, it will be difficult to protect your rights in situations where the contractor’s actions are not clearly negligent or careless.
The Provisions You Want to Include in a Construction Contract
Make certain that the contract includes the following:
Your Right to Cancel a Construction Contract
Under federal law, if you signed the contract in your own home, or at some place other than the general contractor’s place of business, you may cancel the agreement for any reason within three days.
Be careful to note whether the agreement requires binding arbitration. These clauses are standard in most construction clauses. If you sign, you relinquish your right to take your case to court.
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