Business Alterations Form

Business Alterations Form

Agreement Date:

Client Name:    Client Business Name (if different):

Contractor Name:    Contractor Business Name (if different):

Project Address:

RECITALS

WHEREAS, Client operates the business at the Project Address and desires certain alterations, improvements and related work described in this Business Alterations Form; and

WHEREAS, Contractor represents that it is duly licensed, qualified and capable of performing the specified alterations in compliance with applicable building codes, laws and industry standards; and

WHEREAS, the parties wish to set forth the terms for the scope, schedule, payment and other material terms governing the alterations.

SCOPE OF WORK

PERMITS, COMPLIANCE AND INSURANCE

Contractor shall obtain and maintain all permits, approvals and inspections required by applicable law. Client shall cooperate in obtaining access and any property-owner approvals.

Permits to be obtained by:

Certificate of insurance provided: Yes    General liability minimum: $

PAYMENT TERMS

Total Contract Price: $

Deposit (if any): $    Retainage/Final Holdback: $

Late payment fee: . Contractor may suspend work for overdue invoices after five (5) days' written notice.

TERM AND TERMINATION

Commencement Date:    Estimated Completion Date:

Either party may terminate for material breach if the breaching party fails to cure within days after receipt of written notice. Upon termination, Client shall pay Contractor for work performed and documented costs to date, less reasonable offsets for defects.

CHANGE ORDERS

WARRANTIES AND ACCEPTANCE

Contractor warrants workmanship for a period of months from final acceptance. Warranties do not cover damage caused by misuse, alterations by others, or normal wear and tear.

CONFIDENTIALITY

Each party shall keep confidential all proprietary information disclosed by the other party in connection with this Agreement, and shall not use such information other than for performance hereunder. Confidential information does not include information that is publicly known, rightfully received from a third party, or independently developed without use of the other's confidential information.

INDEMNIFICATION

Contractor shall indemnify and hold harmless Client from claims, damages or liabilities arising from Contractor's negligent performance or willful misconduct, except to the extent caused by Client's negligence. Client shall promptly notify Contractor of any claim and permit Contractor to defend or settle the claim.

GOVERNING LAW; DISPUTE RESOLUTION

This Agreement shall be governed by the laws of the state identified by the parties below. The parties agree to attempt in good faith to resolve disputes by negotiation; if unresolved, disputes shall be submitted to binding arbitration in accordance with commercially reasonable arbitration rules agreed between the parties.

Governing Law State:

ENTIRE AGREEMENT

This document, including any attachments and approved change orders, constitutes the entire agreement between the parties with respect to the subject matter and supersedes all prior negotiations, proposals and understandings. Any amendment must be in writing and signed by both parties.

ADDITIONAL PROVISIONS

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