Jerry L. Freedman, A Professional Corporation
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The construction contract: yes, getting it right is important

Construction is many things. To a family or business entrepreneur, it can centrally spell a new home or business headquarters, respectively. To a contractor, it spells business opportunity. To a lender, it brings in profit through financing and interest charges. To an insurer (as well to all the aforementioned parties), it brings an element of risk owing to many factors.

One of those factors is unquestionably the contract that is negotiated and executed between parties involved in a construction project.

Is it comprehensive? Does it make sense? Does it sufficiently attend to all relevant details and adequately safeguard the interests of all entities that are seeking to be protected? Does it provide for a dispute-resolving mechanism?

Indeed, the completed and signed agreement that governs a construction project is critically important to all parties' expectations, as well as to a transactional outcome.

As noted in an online overview of construction contracts and related concerns, a key reason why contracting parties have to make best efforts in negotiating and drafting a final product is that courts tend to view participants engaged in arms-length construction projects as seasoned participants.

In other words, court don't cavalierly step in to adjust or otherwise modify the stated terms of an agreement, even if one contracting party objects to them following contract execution.

That is, courts will be careful in their assessments when called upon to oversee a contractual dispute, which makes it exceedingly important for contracting parties to get things right when it counts -- which is before they affix their signature to a binding document.

A proven contract dispute attorney well versed in representing diverse individuals and business entities in construction-related matters can help ensure that a party properly identifies all relevant contract considerations and takes the requisite legal actions geared toward optimally safeguarding best interests in any construction project.

There is a lot to think about. An experienced business law attorney can help make sure all material concerns are adequately addressed.

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