Common use of Coverage Types Clause in Contracts

Coverage Types. This requires a report on the dollar amounts for the “Combined Single Limit: Bodily + Property Damage,” “Personal Liability Injury,” “Aggregate For Products-Completed Operations,” and “General Aggregate” If the Subcontractor must maintain “Vehicle Liability Insurance” then xxxx the second check box. This requires the minimum dollar amount required on the insurance policy reported on the blank space provided. Xxxx the third check box if the Subcontractor must maintain “Excess Liability Insurance.” If so, then record the minimum amount the Subcontractor must have on the policy using the blank line after the dollar sign. If an “Additional Insurance Requirement” must be met, then xxxx the fourth check box. If this statement is marked make sure that both parties are fully aware of the conditions of its contents. 6 – This Agreement Requires Some Legal Definitions At times, a misunderstanding or a dispute may arise between Contractor and Subcontractor. This paperwork will address this scenario in “XIII. Resolution Of Disputes.” If both parties must agree to “Binding Arbitration” to settle a dispute, then xxxx the first check box. If both must agree to a “Non-Binding Arbitration” process, then xxxx the second checkbox. If, instead, they must abide to a “Mediation” process then xxxx the third check box and indicate if they must enter “Binding Arbitration” or “Litigation” to settle the matter. Now, in the fourteenth article (“XIV. Termination”), we will need to supply some details on the manner this agreement will terminate. If this agreement must terminate only upon the successful completion of the terms documented and neither the Contractor nor the Subcontractor may terminate the agreement earlier than this, then xxxx the check box labeled “No Rights To Terminate.” If only the Contractor has the ability terminate this agreement prematurely then xxxx the check box attached to the label “Contractor Only Has The Option To Terminate.” Make sure to provide the number of business days the Contractor must give before the official termination as notice on the blank line after the words “… With At Least.” Also, make sure to record the percentage “… Of The Actual Cost Of The Completed Work” the Subcontractor may expect from the Contractor as compensation for overhead and profit. If only the Subcontractor will have the right to terminate this agreement, then xxxx the third check box (labeled “Subcontractor Only Has The Option To Terminate”). This description will require the number of business days’ notice the Subcontractor must give the Contractor before terminating this contract. If “Both Parties Have The Option To Terminate” the terms of this agreement, then xxxx the fourth check box in this article and supply how many (business) days’ notice the terminating party must give before canceling the agreement on the blank line provided. The next article requiring information is labeled “XXXI. Governing Law.” Provide the name of the state that holds jurisdiction over this agreement and the work being done on the blank space after the term “…Under The Laws In The State Of.” 7 – All Provisions To The Agreement Between These Two Parties Must Be Included This contract must be an accurate report on the agreement between the Contractor and Subcontractor. If there are any terms, obligations, or conditions that must apply to these parties through this agreement that has not been reported in this document then utilize the blank lines in “XXXIII. Additional Provisions” to fully document such information. If you need more room, you can use your editing program to add more space or you may cite an attachment. Note: As per “XXXII. Attachments” make sure all such attachments are present at the time of signing. 8 – Both Parties Must Cooperate To Execute This Document This template will only become a binding contract when both the Contractor and Subcontractor have read the final product, reviewed any and all attachments, and sign their names to the bottom. Once both these parties are ready to complete this task of execution, the Contractor

Coverage Types. This requires a report on the dollar amounts for the “Combined Single Limit: Bodily + Property Damage,” “Personal Liability Injury,” “Aggregate For Products-Completed Operations,” and “General Aggregate” If the Subcontractor must maintain “Vehicle Liability Insurance” then xxxx the second check box. This requires the minimum dollar amount required on the insurance policy reported on the blank space provided. Xxxx the third check box if the Subcontractor must maintain “Excess Liability Insurance.” If so, then record the minimum amount the Subcontractor must have on the policy using the blank line after the dollar sign. If an “Additional Insurance Requirement” must be met, then xxxx the fourth check box. If this statement is marked make sure that both parties are fully aware of the conditions of its contents. 6 – This Agreement Requires Some Legal Definitions At times, a misunderstanding or a dispute may arise between Contractor and Subcontractor. This paperwork will address this scenario in “XIII. Resolution Of Disputes.” If both parties must agree to “Binding Arbitration” to settle a dispute, then xxxx the first check box. If both must agree to a “Non-Binding Arbitration” process, then xxxx the second checkbox. If, instead, they must abide to a “Mediation” process then xxxx the third check box and indicate if they must enter “Binding Arbitration” or “Litigation” to settle the matter. Now, in the fourteenth article (“XIV. Termination”), we will need to supply some details on the manner this agreement will terminate. If this agreement must terminate only upon the successful completion of the terms documented and neither the Contractor nor the Subcontractor may terminate the agreement earlier than this, then xxxx the check box labeled “No Rights To Terminate.” If only the Contractor has the ability terminate this agreement prematurely then xxxx the check box attached to the label “Contractor Only Has The Option To Terminate.” Make sure to provide the number of business days the Contractor must give before the official termination as notice on the blank line after the words “… With At Least.” Also, make sure to record the percentage “… Of The Actual Cost Of The Completed Work” the Subcontractor may expect from the Contractor as compensation for overhead and profit. If only the Subcontractor will have the right to terminate this agreement, then xxxx the third check box (labeled “Subcontractor Only Has The Option To Terminate”). This description will require the number of business days’ notice the Subcontractor must give the Contractor before terminating this contract. If “Both Parties Have The Option To Terminate” the terms of this agreement, then xxxx the fourth check box in this article and supply how many (business) days’ notice the terminating party must give before canceling the agreement on the blank line provided. The next article requiring information is labeled “XXXI. Governing Law.” Provide the name of the state that holds jurisdiction over this agreement and the work being done on the blank space after the term “…Under The Laws In The State Of.” 7 – All Provisions To The Agreement Between These Two Parties Must Be Included This contract must be an accurate report on the agreement between the Contractor and Subcontractor. If there are any terms, obligations, or conditions that must apply to these parties through this agreement that has not been reported in this document then utilize the blank lines in “XXXIII. Additional Provisions” to fully document such information. If you need more room, you can use your editing program to add more space or you may cite an attachment. Note: As per “XXXII. Attachments” make sure all such attachments are present at the time of signing. 8 – Both Parties Must Cooperate To Execute This Document This template will only become a binding contract when both the Contractor and Subcontractor have read the final product, reviewed any and all attachments, and sign their names to the bottom. Once both these parties are ready to complete this task of execution, the Contractor will have the first area at the end of this document for his or her use. He or she must sign the blank line labeled “Contractor’s Signature” then supply the “Date” when this signature was submitted. He or she must also print his or her name on the line below and report the full name of his or her Company on the “Company Name” line. The Subcontractor will also have an area to tend to as well He or she must sign the blank line labeled “Subcontractor’s Signature” and enter the “Date” of his or her signature on the next blank space. Below this, he or she must submit his or her printed name on the “Print Name” line and enter the name of his or her Company on the last blank space.

Coverage Types. This requires a report on the dollar amounts for the “Combined Single Limit: Bodily + Property Damage,” “Personal Liability Injury,” “Aggregate For Products-Completed Operations,” and “General Aggregate” If the Subcontractor must maintain “Vehicle Liability Insurance” then xxxx the second check box. This requires the minimum dollar amount required on the insurance policy reported on the blank space provided. Xxxx the third check box if the Subcontractor must maintain “Excess Liability Insurance.” If so, then record the minimum amount the Subcontractor must have on the policy using the blank line after the dollar sign. If an “Additional Insurance Requirement” must be met, then xxxx the fourth check box. If this statement is marked make sure that both parties are fully aware of the conditions of its contents. 6 – This Agreement Requires Some Legal Definitions At times, a misunderstanding or a dispute may arise between Contractor and Subcontractor. This paperwork will address this scenario in “XIII. Resolution Of Disputes.” If both parties must agree to “Binding Arbitration” to settle a dispute, then xxxx the first check box. If both must agree to a “Non-Binding Arbitration” process, then xxxx the second checkbox. If, instead, they must abide to a “Mediation” process then xxxx the third check box and indicate if they must enter “Binding Arbitration” or “Litigation” to settle the matter. Now, in the fourteenth article (“XIV. Termination”), we will need to supply some details on the manner this agreement will terminate. If this agreement must terminate only upon the successful completion of the terms documented and neither the Contractor nor the Subcontractor may terminate the agreement earlier than this, then xxxx the check box labeled “No Rights To Terminate.” If only the Contractor has the ability terminate this agreement prematurely then xxxx the check box attached to the label “Contractor Only Has The Option To Terminate.” Make sure to provide the number of business days the Contractor must give before the official termination as notice on the blank line after the words “… With At Least.” Also, make sure to record the percentage “… Of The Actual Cost Of The Completed Work” the Subcontractor may expect from the Contractor as compensation for overhead and profit. If only the Subcontractor will have the right to terminate this agreement, then xxxx the third check box (labeled “Subcontractor Only Has The Option To Terminate”). This description will require the number of business days’ notice the Subcontractor must give the Contractor before terminating this contract. If “Both Parties Have The Option To Terminate” the terms of this agreement, then xxxx the fourth check box in this article and supply how many (business) days’ notice the terminating party must give before canceling the agreement on the blank line provided. The next article requiring information is labeled “XXXI. Governing Law.” Provide the name of the state that holds jurisdiction over this agreement and the work being done on the blank space after the term “…Under The Laws In The State Of.” 7 – All Provisions To The Agreement Between These Two Parties Must Be Included This contract must be an accurate report on the agreement between the Contractor and Subcontractor. If there are any terms, obligations, or conditions that must apply to these parties through this agreement that has not been reported in this document then utilize the blank lines in “XXXIII. Additional Provisions” to fully document such information. If you need more room, you can use your editing program to add more space or you may cite an attachment. Note: As per “XXXII. Attachments” make sure all such attachments are present at the time of signing. 8 – Both Parties Must Cooperate To Execute This Document This template will only become a binding contract when both the Contractor and Subcontractor have read the final product, reviewed any and all attachments, and sign their names to the bottom. Once both these parties are ready to complete this task of execution, the ContractorMake

Coverage Types. This requires a report on the dollar amounts for the “Combined Single Limit: Bodily + Property Damage,” “Personal Liability Injury,” “Aggregate For Products-Completed Operations,” and “General Aggregate” If the Subcontractor must maintain “Vehicle Liability Insurance” then xxxx mark the second check box. This requires the minimum dollar amount required on the insurance policy reported on the blank space provided. Xxxx Mark the third check box if the Subcontractor must maintain “Excess Liability Insurance.” If so, then record the minimum amount the Subcontractor must have on the policy using the blank line after the dollar sign. If an “Additional Insurance Requirement” must be met, then xxxx mark the fourth check box. If this statement is marked make sure that both parties are fully aware of the conditions of its contents. 6 – This Agreement Requires Some Legal Definitions At times, a misunderstanding or a dispute may arise between Contractor and Subcontractor. This paperwork will address this scenario in “XIII. Resolution Of Disputes.” If both parties must agree to “Binding Arbitration” to settle a dispute, then xxxx mark the first check box. If both must agree to a “Non-Binding Arbitration” process, then xxxx mark the second checkbox. If, instead, they must abide to a “Mediation” process then xxxx mark the third check box and indicate if they must enter “Binding Arbitration” or “Litigation” to settle the matter. Now, in the fourteenth article (“XIV. Termination”), we will need to supply some details on the manner this agreement will terminate. If this agreement must terminate only upon the successful completion of the terms documented and neither the Contractor nor the Subcontractor may terminate the agreement earlier than this, then xxxx mark the check box labeled “No Rights To Terminate.” If only the Contractor has the ability terminate this agreement prematurely then xxxx mark the check box attached to the label “Contractor Only Has The Option To Terminate.” Make sure to provide the number of business days the Contractor must give before the official termination as notice on the blank line after the words “… With At Least.” Also, make sure to record the percentage “… Of The Actual Cost Of The Completed Work” the Subcontractor may expect from the Contractor as compensation for overhead and profit. If only the Subcontractor will have the right to terminate this agreement, then xxxx mark the third check box (labeled “Subcontractor Only Has The Option To Terminate”). This description will require the number of business days’ notice the Subcontractor must give the Contractor before terminating this contract. If “Both Parties Have The Option To Terminate” the terms of this agreement, then xxxx mark the fourth check box in this article and supply how many (business) days’ notice the terminating party must give before canceling the agreement on the blank line provided. The next article requiring information is labeled “XXXI. Governing Law.” Provide the name of the state that holds jurisdiction over this agreement and the work being done on the blank space after the term “…Under The Laws In The State Of.” 7 – All Provisions To The Agreement Between These Two Parties Must Be Included This contract must be an accurate report on the agreement between the Contractor and Subcontractor. If there are any terms, obligations, or conditions that must apply to these parties through this agreement that has not been reported in this document then utilize the blank lines in “XXXIII. Additional Provisions” to fully document such information. If you need more room, you can use your editing program to add more space or you may cite an attachment. Note: As per “XXXII. Attachments” make sure all such attachments are present at the time of signing. 8 – Both Parties Must Cooperate To Execute This Document This template will only become a binding contract when both the Contractor and Subcontractor have read the final product, reviewed any and all attachments, and sign their names to the bottom. Once both these parties are ready to complete this task of execution, the Contractor will have the first area at the end of this document for his or her use. He or she must sign the blank line labeled “Contractor’s Signature” then supply the “Date” when this signature was submitted. He or she must also print his or her name on the line below and report the full name of his or her Company on the “Company Name” line. The Subcontractor will also have an area to tend to as well He or she must sign the blank line labeled “Subcontractor’s Signature” and enter the “Date” of his or her signature on the next blank space. Below this, he or she must submit his or her printed name on the “Print Name” line and enter the name of his or her Company on the last blank space.