Part 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
- Precision Drywall & Painting
This bulletin was prepared by SMACNA’s general counsel. All members are encouraged to read this latest update.
Contracts Bulletin: Before You Cash that Check