If you're a Kentucky construction contractor, you need to be good at writing Kentucky construction contracts.
Once installed on your Windows computer, Construction Contract Writer will make it easy to draft enforceable Kentucky contracts that fit your jobs precisely and avoid the penalties imposed by Kentucky and federal law.
- Omission of the Retail Installment Sale notices and disclosures required by Kentucky Revised Statutes Sections 371.220 and 371.300 is a misdemeanor punishable by a fine of up to $500 or by imprisonment for up to 6 months or both.
- Omission of the Home Solicitation Sales Act notice in Kentucky Revised Statutes s 367.410 to 367.460 extends the right to cancel indefinitely.
- Omission of the Opportunity to Repair Act notice in Kentucky Revised Statutes Section 411.260 forfeits protection offered by the act.
- Kentucky Revised Statutes Section 371.160 requires that retainage be held in an escrow account at a bank.
- Kentucky's Fairness in Construction Act, Revised Statutes Sections 371.400 to 371.425, voids any clause in a construction contract that prohibits a claim for damages resulting from delay caused by the owner.
- Kentucky Revised Statutes Section 371.405 requires that contractors be paid within 30 business days after delivery of a valid invoice and that subcontractors be paid with 15 business days after the prime contractor is paid. Regardless of what the contract says, interest accrues at 12% on delinquent payments. Attorney fees can be awarded if suit is necessary to enforce Section 371.405.
- Kentucky Revised Statutes Section 371.405(2)(b) voids any clause in a construction contract that would waive lien rights.
- Kentucky Revised Statutes Section 371.180 voids any contract clause which would indemnify a contractor for that contractor's own negligence.
- Omission of federal truth in lending disclosures required by 15 United States Code Section 1638 makes the creditor liable for both the overcharge and the debtor's attorney fees.
- Omission of disclosures required by 12 Code of Federal Regulations Section 226.15 extends the 3-day right of rescission to three years under 12 Code of Federal Regulations Section 226.23(a)(3) and 15 U.S. Code Section 1635(f).
- Omission of insulation disclosures required by 16 Code of Federal Regulation Section 460 can result in an $11,000 fine.
When a job goes bad, you better have an iron-clad contract. Consider what happens if you get into a dispute before collecting final payment. An attorney for the other side won't be impressed with your two-page "legal in all 50 states" contract. Most likely, you'll discover that the signed agreement is either partially or totally unenforceable under state law. Game over! You lose. You're not going to collect another dime on that job. Fortunately, there's a better way.
Just answer a series of questions -- like an interview -- to construct a legal contract for each project you take on. Construction Contact Writer explains in plain English what you need to know before answering an interview question. If you know the job and you know what the job requires, Construction Contract Writer will do the rest.
Whether you are writing commercial or residential construction contracts, you'll be able to anticipate where disputes could arise and settle them in the contract before they happen. Then include the warranty protection you intend, the payment schedule, and create subcontracts from the prime contract.
Resolve key issues in your favor with bias control.
Many contract clauses in Construction Contract Writer suggest a bias that favors either the owner, the contractor or the subcontractor. That allows you to shift burden or risk to a particular party. Want to draft a contract that protects the property owner? No problem. Need an aggressive contract that pushes the limits in your favor? That's easy. Of course, if you just want a balanced and fair contract, Construction Contract Writer will do that too.
Need legal help drafting a contract?
Construction Contract Writer even includes a feedback button to an attorney on the Craftsman Book Co. staff to help if you get stumped. This service is free, and you can expect a response within 24 hours.
When you're done, save the contract for future use or modification at a later date. Print contracts directly or export to MS Word or Adobe PDF for electronic delivery or archiving on disk.
Construction contract law changes. But don't worry -- update subscriptions are available. Your contracts have to change to stay in compliance. That's why Construction Contract Writer includes an 'Update' button. You'll be invited to click 'Update' when a change affects the contracts you're drafting. A connection to the Web is required.
Even experienced construction contract attorneys will find plenty of useful reference material in Construction Contract Writer.
Construction Contract Writer cites local court decisions and code sections relevant to key interview questions.