The United States is a country that’s home to one of the largest construction markets in the world. In fact, statistics from 2016 found that the United States construction market amassed a worth of nearly $1,162 billion. Considering that, many contractors work throughout the year to complete construction projects. However, it’s important that contractors remain protected from stressful legal situations. Many contractors work with attorneys in order to keep their companies safe from trouble. In this post, you’ll learn why every contractor should consider working with a construction attorney.
Assistance with Contract Preparation
It’s important that companies and clients are able to come to agreements. Unfortunately, there’s no way of knowing when someone will go back on their word. Therefore, many companies utilize contracts in order to create legally binding documents. This means contractors often have to prepare, understand, and sign contracts before work begins. Considering that, many contractors employ attorneys to help them understand the exact terms and conditions of contracts. Without an attorney on your side, you could risk signing a contract with unfavorable terms.
Resolving Conflicts in a Timely Manner
Statistics from the American Arbitration Association found that there were 551 construction cases with claims reaching totals of $500,000 or more. This means that construction conflicts are often costly situations. If you want to avoid the risks that come with these conflicts, hire a construction lawyer. These attorneys regularly help ensure that their clients are operating above board. This means handing disputes with clients in order to ensure everyone remains satisfied. In fact, alternative dispute resolution continues to remain the most preferred way to manage conflicts within the construction industry.
Disputing Construction Terms on Your Behalf
Before any contract is signed, most parties take time to negotiate. These negotiations help ensure that each party will receive a favorable outcome. Unfortunately, there are times where two or more parties simply can’t come to terms that everyone agrees with. During these times, many contractors have their attorneys step in. Lawyers for construction companies work on behalf of their clients to ensure that contract negotiations are fair.
To summarize, it’s important for contractors to obtain legal representation. Working as a contractor involves more paperwork than you might think. Therefore, it’s wise to have someone on your side to help you with these matters. In addition, you’ll likely spend time negotiating and disputing terms of certain contracts. If you’re wanting to have a helping hand during these situations, it’s time to contact a lawyer.