Sheet Metal & Air Conditioning Contractors’ National Association

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Contracts Bulletin No. 5.3: Before You Cash That Check

Jun 04, 2020

Before You Cash That Check - No 5 - Part 3 225x269Part 3 of this SMACNA Contracts Bulletin covers the risks involved in accepting partial payment on a project and how cashing certain checks could result in a subcontractor unwittingly giving up their rights to full payment.

Topics covered in this bulletin include:

  • Defining an “Accord and Satisfaction”
    • Uniform Commercial Code
    • When to Call a Lawyer
  • Subcontractor Remedies & Case Law
    • Triangle Construction
    • OMNI
    • Precision Drywall & Painting
  • Options

Contracts Bulletin No. 5.3 was prepared by SMACNA’s general counsel. All members are encouraged to read this latest update.

Miss the Contracts Bulletin No. 5.2 on getting paid in case of bankruptcy? Download a copy or access previous Contracts Bulletins here.