Formal Project Agreement
A Project Construction Agreement holds colossal value and its demand is rising day by day. We have taken the huge demand into our consideration and, hence, we present to you the project agreement template to help you draft out the perfect agreement for yourself. It is a general kind of legal template that can be used for various purposes. A Project Agreement is signed between a contractor and its client. It spells out the obligations and rights of both the involved parties regarding the work that is to be performed by the contractor. Decide on terms before you get started, get project agreement template here.
A Project Construction Agreement documents all the terms and information about the construction work that will be done in accordance to the deal. Some basic definitions it gives are: the contractor’s work, payment, duration, and etc. Once both parties are satisfied, they sign the agreement and make it a fair deal. Mostly, it is used by construction companies that offer construction services to companies or to general public.
The agreement has to be in writing and signed by both the client and the constructor, hence, in case one party breeches the agreement the other party can file a case in the court to recover the losses. Some essentials of a Project Construction Agreement are: the terms, rent, prohibited uses, sublease and assignment, repairs, alterations and improvements, property taxes, insurance, utilities, damage and destruction, default, security deposit, notice to landlord and tenant, brokers, waiver, performance, compliance with law, and the final agreement.
Project Agreement Sample
Microsoft Word document file | File size 52 KB | No. of pages = 11 | Download