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July 20, 2010

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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

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Did You Know?

Parol Evidence Rule' Forbids The Change Of Terms Of A Written Contract
The parol evidence rule enacts a principle of the common law of contracts that presumes that a written contract covers the agreement between the parties involved. It forbids the introduction of extrinsic evidence which would change the terms of a written contract.

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	News about contract cases in Massachusetts and nationwide: SCC'S Bureau Of Insurance Advises Consumers Regarding Home Service Contracts RICHMOND -- Effective July 1, 2006, the State Corporation Commission’s (SCC) Bureau of Insurance will have the authority to license entities as hom... Read more > Contractors State License Board Provides Information On New Contracts Requirements Sacramento -- The Contractors State License Board (CSLB) is reminding all Contractors that new requirements go into effect on... Read more > Contract May Also Involve Responsibility WASHINGTON, DC - The U.S. Agency for International Development (USAID) announced today the award of a multi-million dollar Iraq emergency infrastru... Read more > More Contract News >

Contract Terms

Today's Terms

Open-End Contract

Definition:
An agreement by which the buyer may purchase an unspecified amount of goods from a seller over a certain period of time without changes in the price or the contract terms.

Goods

Definition:
The meaning may vary, but for purposes of a contract for storage or transportation it means all things treated as movable.

Broker

Definition:
One that acts as an agent for others, as in negotiating contracts, purchases, or sales in return for a fee or commission.

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Contract Hot Topics

Topics Related to Contract:

Acceptance
Breach of Contract
Conditions
Liability
Offers
Underwriter
Warranty
Competent Parties
Mutual Assent
Consideration

Massachusetts Contract Attorney

If you live in the following cities and need an Contract attorney you should contact our Contract Attorney as soon as possible:

Amherst
Attleboro
Beverly
Boston
Brighton
Brockton
Chelsea
Everett
Fitchburg
Framingham
Holyoke
Lawrence
Leominster
Lynn

Malden
Marlborough
Medford
Methuen
New Bedford
Peabody
Pittsfield
Plymouth
Quincy
Revere
Salem
Taunton
Westfield
Woburn

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