Verified Document

Analyzing A Contract Research Paper

Contract Analysis Analyzing a Construction Contract

The contract chosen for analysis in this study is a construction contract. This contract would be used for example in the construction of an office building. The parties involved in this contract are John Smith, contractor, and Tom Brown, owner. This contract is being used for the construction of an office building for Tom Brown.

Laws Governing the Contract

The laws that govern this contract are those of the State of Alabama. The contractor agrees to furnish all labor and materials needed to construct the office building for Tom Brown and furthermore, the owner, Tom Brown, states that the properly is free from debts, liens, and other encumbrances.

In Section Two, the contractor agrees to construct the office building so that it conforms to the plans and specifications, breakdown, and binder receipt that has been signed by both the owner and contractor. The contract state that the contractor will not be responsible for any improvements to the structure including such as landscaping, grading, laying walkways, installing water, sewer, steps, driveways, patios and so forth unless these are stated in the breakdown of the contract construction specifications.

III. Payments Specified in the Contract

In this specific scenario, the contractor will be paid the amount of $44,000.00 for his work and this is to be paid in four installments of $11,000.00 each. Each payment will be made on the first day of the month for a period of four months beginning September 1, 2012 and ending December 1, 2012. The contract...

If the installment payment is not made within ten days after that installment payment is due the contractor may take such action as he deem necessary and this includes legal proceedings to enforce his rights to be paid.
IV. Responsibilities of the Owner

Before the construction on the office building begins, the owner is responsible for providing the following:

(1) A "clear accessible building site" that has been properly excavated and correctly zoned for the structure and that the boundaries of the owner's property by all stakes at all corners.

(2) The owner is responsible for maintaining the stakes in proper position throughout the duration of the construction project.

(3) If the owner is unable to obtain a building permit within thirty days from the date the contract agreement is signed the contractor has the right to declare the agreement null and void.

(4) Before construction and throughout the construction project, the owner is responsible for providing and maintaining, at his expense, an all weather roadway to the building site and water and electricity to include a 220-amp outlet.

(5) The owner, at his own expense may connect a permanent electrical line as well as gas and oil service and the tanks and lines to the building upon cover inspection and before wall covering is added to the building.

(6) The owner also may connect sewage disposal and water…

Sources used in this document:
Bibliography

Business Contract Form (2012) Free Legal Forms. Retrieved from: http://www.yourfreelegalforms.com/item_601/Construction-Contract.html

Mallor, J.P., Barnes, A.J., Bowers, T., & Langvardt, A.W. (2007). Business law: The ethical, global, and e-commerce environment (13th ed.). Chicago, IL: McGraw-Hill.

APPENDIX

Construction Contract
Cite this Document:
Copy Bibliography Citation

Related Documents

Contract Proposal This Paragraph Serves As the
Words: 1789 Length: 6 Document Type: Essay

Contract Proposal This paragraph serves as the introduction to this contract proposal report. The contract will be written from the government's perspective as far as the fencing project goes and will cover the seven main points asked for in the assignment parameters. In order, those parameters are the purpose of the federal program and the historical context therein. Second, the small business set-aside program (SBSP) will be evaluated based on eligibility

Contract Offer
Words: 941 Length: 3 Document Type: Essay

Contract Offer COMING TO A HEAD Legal and Ethical Issues in Business Ethics in Business Three normative ethical theories were developed in Western capitalist societies in guiding the ethical conduct of business (Fort, 2014). The stockholder theory considers the maximizing of profits as the sole objective of business and above all considerations. It does not recognize social responsibility. It is completely utilitarian and one-sided. The stakeholder theory considers the welfare and needs of customers,

Contract Theory: Contract Theory: Are
Words: 8091 Length: 25 Document Type: Term Paper

Because promises are usually kept, it is usually reasonable to rely on a promise, and promises are usually relied upon. (p. 1) Despite its centrality to the human condition, the social practice of promising remains primitive and incomplete in comparison to other disciplines such as mathematics and linguistics (Mather, 1999). When it comes to the promises contained in contracts of any type, there are some general guidelines but these do

Contract-Capacity and Legality Tommy Mccartney,
Words: 1211 Length: 4 Document Type: Case Study

Some of the contracts which minors can't disaffirm include education loan contracts, insurance (health and life) contracts, armed forces enlistment contracts etc. Further, in some states, if a minor who seems (in terms of appearance) to be of majority age misrepresents his age at the time of entering into a contract with a competent party, such a minor is treated as an individual who has attained the majority age

Contract Law in the Presented Scenario, Brian
Words: 945 Length: 3 Document Type: Essay

Contract Law In the presented scenario, Brian had been negotiating with Amy for several days without reaching agreement. They finally reached a compromise and agreed that the transaction would proceed. However, it appears as though there was a communication lapse because Amy's bid was higher than Brian's offer, which is unusual in such kind of transactions. Despite these facts, a contract is considered as legally binding if it contains the basic

Contract Law Legal, Ethical &
Words: 2193 Length: 7 Document Type: Essay

The presiding judge disagreed with them and "commented that if reverse engineering was possible, then they should reverse engineer the alleged infringement to obtain evidence of infringement." 6. Analogies The situation assumed in the first section of the paper, that of a software product which could or could not be reverse engineered by a customer, researcher or journalist, can be considered through the lens of other situations as well. For starters,

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now