Subcontractor Loses Lawsuit for Payment Because it Failed to Furnish a Release

2019-07-08T18:08:15-05:00March 3rd, 2019|Categories: Releases|Tags: , |

What you need to know: Conditions precedent are used frequently in construction contracts. A “condition precedent” is something that must occur before performance by one party becomes due. For example, a contractor’s contract with a subcontractor may state, “Receipt of owner’s payment is a condition precedent to contractor’s obligation to pay subcontractor.” Courts will typically enforce conditions that are clear and unambiguous. In Team Land Development, Inc. [...]