Common Contracts
1 similar Letting Agreement contracts
Letting agreement formLetting Agreement • November 1st, 2021
By: Jennifer VanBaren Updated September 26, 2017 The transitional arrangements, also called settlement agreements, are mainly used in construction dispute between a subcontractor and general contractor. A passage contract is used when the damages are claimed by a subcontractor. Both parties must agree that the owner of the property is responsible for this damage. These agreements allow the general contractor to pass the complaint of the subcontractor through the general contractor. The general contractor brings a claim against the owner of the property. The general contractor also agrees to provide any sum recovered to the subcontractor. Subcontractors are hired by general contractors to carry out a specified job. If the subcontractor has a problem with the owner of the property, the subcontractor is often left without recourse. The passers agreements damage to subcontractors a better chance to receive compensation for their materials and labor. The Doctrine of Severin is a requirement
