Lawrence Law attorneys draft and negotiate construction contracts for commercial contractors. Our attorneys routinely review subcontracts to educate and protect subcontractors from risks associated with payment clauses, indemnification, and liquidated damages, among other unfavorable terms and conditions.
Lawrence Law attorneys also draft and advise clients on teaming and joint venture agreements. These arrangements can allow contractors to team up when, for example, one contractor has a small-business certification, while the other has greater bonding capacity or other resources to make the joint approach more effective. Joint venture partners need to consider putting the terms or their agreement in writing, including the degree of participation from each partner, how funds will be tracked and accounted, how the profits and losses will be allocated, the indemnification provisions, and priority of payment with respect to vendors and joint venture partners, among other things.