Lien_Contract - Lien Contract This Building Construction...

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Lien Contract This Building Construction & Mechanics Lien contract is made and entered into on MM/DD/YYYY at (address) between (owner of property), hereafter referred to as “Owner”, and (contractor), hereafter referred to as Contractor. It is understood that “Owner” and “Contractor” may include multiple owners and contractors. The parties agree as follows: 1. In consideration of a sum of money agreed upon, Contractor agrees to perform, at his own expense, improvement work upon Owner’s property located at (address) . Said improvements are to include (specify) and are to be completed by MM/DD/YYYY . 2. Contractor will, upon execution of this contract, furnish a bond in the amount of $X , which shall be conditioned upon contractor’s payment of all bills due for materials, labor, and any other items so that no party engaged by the contractor shall have cause to place a lien against the owner’s property. The bond shall be payable to the owner and his assignees, if any. 3. In consideration of the improvements described above, owner agrees to pay contractor the
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This note was uploaded on 10/27/2010 for the course BUSE 5421 taught by Professor Somer during the Spring '10 term at Punjab Engineering College.

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Lien_Contract - Lien Contract This Building Construction...

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