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Posts tagged "payment clause"

Navigating the Ins and Outs of Texas Contingent Payment Clauses

General contractors utilize subcontract agreements to protect their interests and shift risk downstream to subcontractors. They accomplish this end by including powerful contract clauses that provided little escape from harsh outcomes if the project does not unfold as planned. One such clause is the contingent payment clause, also known as "pay when paid" or "pay if paid" clauses, which obliges a subcontractor assume the risk of the owner's failure to pay.
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Contact our law firm in Houston to speak with a lawyer who is intimately familiar with the law related to mechanic's liens, collections and contract disputes. Call 713-489-5792 to schedule a free consultation. We accept credit cards, and Spanish translation is available.

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The Cromeens Law Firm, PLLC - Houston Construction Litigation Lawyer

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