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Contract News
Information About Commercial General Liability Insurance
Pursuant to California Business & Professions Code §7159.3 (SB 2029), home improvement contractors must provide this notice and disclose whether or not they carry commercial general liability insurance.
Did your contractor tell you whether he or she carries Commercial General Liability Insurance?
Home improvement contractors are required by law to tell you whether or not they carry Commercial General Liability Insurance. This written statement must accompany the bid, if there is one, and the contract.
What does this insurance cover?
Commercial General Liability Insurance can protect against third-party bodily injury and accidental property damage. It is not intended to cover the work the contractor performs
A Person Must Have The Legal Power To Enter Into A Contract
People who do not have legal power to enter into contracts are - children under 7 years, people who are mentally insane and people who are under the influence.
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News about contract cases in California and nationwide:
Definition:
The legal cancellation of a contract because an event occurs that makes performance of the contract terms impossible or inequitable and that releases the parties from their obligations.
Escape Clause
Definition:
A provision in a contract or other document permitting parties to avoid liability for nonperformance under certain conditions.
Warranty
Definition:
A promise by a contracting party that the other party can rely on certain facts or representations as being true.
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