This Worksite Renovation Contract ("the Contract") is entered into between [Contractor's Name] ("the Contractor") and [Client's Name] ("the Client") on [Date of Contract] for the purpose of detailing the terms and conditions of the construction work to be carried out at the said worksite.
1. Scope of Work
The Contractor shall perform all labor, materials, and services necessary to complete the renovation work as specified in the attached detailed scope of work ("SOW"). The SOW shall outline a comprehensive list of all tasks, materials, and labor required to carry out the construction work to the satisfaction of the Client.
2. Payment
The Client shall pay the Contractor in accordance with the schedule of payments laid out in the SOW. Any changes to the payment schedule must be agreed upon in writing by both parties.
3. Schedule
The Contractor shall perform all work in accordance with the timeline laid out in the SOW. Any changes to the timeline must be agreed upon in writing by both parties.
4. Changes to Scope of Work
Any changes to the SOW must be agreed upon in writing by both parties. Any additional work not included in the original SOW will be subject to additional charges.
5. Termination
Either party may terminate this Contract at any time for any reason with written notice to the other party. The Contractor shall have the right to terminate the Contract if the Client fails to make payments in a timely manner or if the Client breaches any of the terms of the Contract.
6. Warranty
The Contractor warrants that all work performed under this Contract shall be done in a professional manner and shall meet industry standards. Any work found to be defective shall be repaired or replaced by the Contractor at no additional cost to the Client.
7. Company Seal
The Company Seal of the Contractor shall be affixed to this Contract as verification of its authenticity and acceptance of the terms and conditions outlined herein. The importance of the Company Seal cannot be overstated, as it serves as proof that the Contract has been agreed upon and signed by authorized representatives of the Contractor.
It is imperative that the Contractor affix its Company Seal to the Contract, as failure to do so may render the Contract null and void. Furthermore, the use of a Company Seal is a widely accepted business practice and provides an additional layer of protection to both parties in the event of disputes.
Therefore, both the Contractor and the Client shall recognize the importance of the Company Seal and ensure that it is affixed to this Contract in a timely manner.
In conclusion, this Worksite Renovation Contract serves as a legally binding agreement between the Contractor and the Client for the performance of renovation work at the said worksite. The use of a Company Seal is a crucial aspect of this Contract and should not be overlooked by either party. By affixing the Company Seal to this Contract, both parties can rest assured that the Contract is valid and binding.