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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 Contractual Offer Can Be Revoked At Anytime Before Its Accepted
A person making a contractual offer may cancel it completely at any time before it is accepted. Though, If you wish to revoke your offer, you must communicate that fact to the person(s) who might be accepting your offer.
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News about contract cases in Texas and nationwide:
Definition:
A contract or assurance by which one engages to secure another against an anticipated loss.
Offer
Definition:
Offer: A proposal that is made to a certain individual or legal entity to enter into a contract, that is definite in its terms, and that indicates the offerer's intent to be bound by an acceptance.
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.
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