Garage Conversion Contract

GARAGE CONVERSION CONTRACT

This Garage Conversion Contract (the Agreement) is made between:

Client Name:    Client Address:

Contractor Name:    Contractor Address:

WHEREAS

WHEREAS, Client is the owner or lawful occupant of the real property located at (the Property);

WHEREAS, Contractor represents that Contractor possesses the experience, personnel, licenses, permits and insurance necessary to perform the garage conversion work described herein; and

WHEREAS, Client desires to engage Contractor, and Contractor agrees to perform a garage conversion at the Property subject to the terms and conditions set forth in this Agreement.

SCOPE OF WORK

The Scope of Work includes, but is not limited to, demolition and removal of existing garage fixtures, structural repairs, installation of insulation, drywall, doors and windows, electrical, plumbing, HVAC modifications as required, installation of flooring, finishes, and compliance with applicable building and electrical codes. Contractor shall perform work in a good and workmanlike manner and in compliance with applicable laws and building codes.

CONTRACTOR INFORMATION

PAYMENT TERMS

Total Contract Price: $

Retainage (if any):

Late Payment: Amounts not paid when due shall accrue interest at per month (or the maximum rate permitted by law) on the outstanding balance until paid in full.

Method of Payment:

TERM AND TERMINATION

Commencement Date:    Estimated Completion Date:

Either party may terminate this Agreement for material breach by the other party if the breaching party fails to cure such breach within days after written notice specifying the breach. Upon termination for cause by Client, Contractor shall be entitled to payment for work performed and reasonable demobilization costs. Upon termination by Contractor for nonpayment, Contractor may stop work and charge for costs incurred.

PERMITS, INSPECTIONS AND COMPLIANCE

Contractor shall be responsible for obtaining all building permits and scheduling all required inspections unless otherwise agreed in writing. Contractor shall perform work in compliance with all applicable building, zoning and safety codes. If the Client is required to obtain any approvals, Client shall secure such approvals in a timely manner.

CHANGES AND CHANGE ORDERS

No change in the scope of work, contract sum, or time shall be effective unless a change order is signed by both Client and Contractor specifying the change, any adjustment to the price, and any extension of time.

CONFIDENTIALITY

Each party agrees to keep confidential all non-public information obtained from the other party in connection with this Agreement and to use such information only for performance under this Agreement. Confidential information does not include information that is or becomes publicly available through no fault of the receiving party or is required to be disclosed by law, rule or court order (provided reasonable notice is given to the disclosing party and disclosure is limited to the extent required).

WARRANTIES, INSPECTION AND ACCEPTANCE

Contractor warrants that labor and materials furnished under this Agreement will be free from substantial defects for a period of from the date of final completion, unless a longer period is specified in a separate written warranty. Client shall inspect the work promptly upon substantial completion and shall provide written notice of any claimed defects within a reasonable time.

INDEMNIFICATION

Contractor shall indemnify, defend and hold harmless Client, its agents and employees from and against any claims, damages, losses and expenses, including reasonable attorney's fees, arising out of or resulting from the performance of the work, provided such claim is caused in whole or in part by negligent acts or omissions of Contractor, anyone directly or indirectly employed by Contractor, or anyone for whose acts Contractor may be liable.

FORCE MAJEURE; DELAYS

Neither party shall be liable for delays or failures in performance caused by events beyond its reasonable control, including acts of God, fire, flood, war, terrorism, strikes, labor disputes, shortages of materials, governmental acts, or delays in permits. Contractor shall provide prompt written notice of any delay and an estimate of the impact on the schedule.

GOVERNING LAW; DISPUTE RESOLUTION

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to conflict of law principles. The parties agree to attempt to resolve disputes in good faith by negotiation and, if unsuccessful, through mediation. If mediation fails, the parties agree that any unresolved controversy or claim shall be submitted to final and binding arbitration in accordance with the arbitration rules selected by the parties.

ENTIRE AGREEMENT

This Agreement, together with any exhibits, attachments, and written change orders executed by both parties, constitutes the entire agreement between Client and Contractor with respect to the subject matter hereof and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written. No amendment or modification of this Agreement shall be effective unless in writing and signed by both parties.

MISCELLANEOUS

If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect. Neither party may assign this Agreement without the prior written consent of the other party, except that Contractor may assign to a successor in interest in connection with the sale of substantially all of Contractor's business assets.

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