Home Renovation Contract

HOME RENOVATION CONTRACT

This Home Renovation Contract (the "Contract") is entered into as of by and between the parties identified below.

Parties

Recitals

WHEREAS, Client owns the real property located at (the "Property") and desires to renovate portions of the Property as set forth below;

WHEREAS, Contractor represents that it is duly licensed, experienced and qualified to perform the renovation work and will perform the work in a professional manner consistent with industry standards; and

WHEREAS, the parties desire to set forth the terms and conditions under which Contractor will perform the renovation services and Client will compensate Contractor.

Scope of Work

Contractor shall furnish all labor, materials, equipment and supervision necessary to complete the renovation described below at the Property. The detailed description, including plans, specifications and allowance items, is stated in the Scope of Work field and any approved change orders.

Payment Terms

Client agrees to pay Contractor the Total Contract Price as set forth below in lawful funds in accordance with the schedule. All payments are due as provided; failure to pay on time entitles Contractor to stop work and recover damages.

Payment Schedule (describe milestones and amounts). Payments for each milestone are due within seven (7) days of invoice unless otherwise specified.

Late Payment: Any unpaid amount shall accrue a late fee of per month (or the maximum permitted by law), subject to a minimum late fee of .

Term and Termination

This Contract commences on Planned Start Date and shall continue until completion of the Scope of Work, unless earlier terminated in accordance with this section. Either party may terminate for material breach if the breaching party fails to cure within days after written notice. Either party may terminate for convenience upon days' written notice; in such event Contractor shall be paid for work performed and documented costs incurred up to the termination date, including reasonable demobilization expenses.

Change Orders

All changes to the Scope of Work shall be made only by written change order signed by both parties that states the change in work, adjustment to the contract price, and any change to the schedule. Contractor shall not be required to perform work outside the written change order.

Permits and Insurance

Contractor shall obtain and pay for all permits, inspections and approvals required by applicable law unless the parties agree otherwise in writing. Contractor shall maintain commercial general liability and workers' compensation insurance and provide proof of insurance upon Client's request.

Warranties

Contractor warrants that labor furnished shall be free from material defects for a period of months from the date of substantial completion. Materials shall be subject to manufacturer warranties where applicable. This warranty does not cover damage caused by normal wear and tear, misuse or acts of third parties.

Confidentiality

Each party will keep confidential all non-public business information and trade secrets disclosed by the other party in connection with the Project, including pricing, schedules and proprietary plans, and will not disclose such information to third parties except as required by law or to perform the obligations under this Contract. This obligation shall survive termination for a period of months.

Indemnification

Contractor shall indemnify, defend and hold harmless Client from and against claims, damages and liabilities arising from Contractor's negligence or willful misconduct in the performance of the Work. Client shall indemnify Contractor against claims arising from Client's negligence or breach of this Contract.

Governing Law; Dispute Resolution

This Contract shall be governed by the laws of the state indicated below. In the event of a dispute the parties shall first attempt non-binding mediation. If mediation fails, the dispute shall be resolved by binding arbitration administered in the agreed state in accordance with the rules chosen by the parties, unless the parties mutually agree to pursue judicial relief for injunctive or other equitable remedies.

Entire Agreement

This Contract, including any written change orders and attachments signed by the parties, constitutes the entire agreement between the parties and supersedes all prior negotiations, representations or agreements, whether written or oral, relating to the subject matter hereof. No amendment shall be binding unless in writing and signed by both parties.

Miscellaneous

Notices under this Contract must be in writing and delivered to the addresses set forth above. If any provision of this Contract is held unenforceable, the remaining provisions shall remain in full force and effect. Time is of the essence for all dates and schedules in this Contract unless otherwise agreed in writing.

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