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Construction Secrets

Construction Contracts Gone Wrong: How to Avoid Costly Termination Mistakes [Spotify Video Episode] | Ep. 335

26 Aug 2024

Description

Avoid the costly fallout of contract terminations! We’re breaking down the biggest mistakes and how to steer clear of them. Catch this episode for essential insights! For more videos, subscribe to our YouTube channel using this link: https://quantumcs.co/CSYouTube Struggling with unfair contracts or slow payments in construction? With 6,000+ contracts reviewed and $20 billion in contracts managed, Quantum Contracts' proven framework is designed to help you negotiate fair contracts, secure faster payments, avoid disputes, and improve cash flow. Don’t let contract issues hold you back—gain the confidence to focus on growing your business. Ready to take control and make more profit per project? Click here to IMPROVE your contracts using the Quantum Contract System: quantumcs.co/Yt2025 Click here to BOOST your profit margins up to 15%: quantumcs.co/YtO3SimpleChanges Click here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptIn Timestamps: (1:05) - The main thing to consider is when you get into a contract in any agreement in life, really, is you've got to figure out if this goes badly, what is the worst case scenario? (2:26) - Termination for convenience, which is essentially they can terminate you for whatever reason they want (4:05) - Termination for default is pretty fair (4:45) - In most countries, in most states, at law, you can get out of a contract if they don't pay for you. But that's outside of the contract (6:48) - When you get into any sort of agreement in life or in a contract, you need to be able to understand the escape hatch DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have. Follow our Socials and let's get connected! ⤵️ ⁠⁠⁠⁠Facebook⁠⁠⁠⁠ | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ | ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ | ⁠⁠⁠⁠TikTok⁠⁠⁠⁠ | ⁠⁠⁠⁠Twitter

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