TRUST YOUR GUT: Chapter Twelve, Stop Warranty Work On Unpaid Jobs
About this episode
Karalynn Cromeens discusses the importance of warranties in construction contracts and how to protect your business from warranty-related issues.
Warranties should protect your business, not bankrupt it. Karalynn breaks down express and implied warranties, how to limit what you're on the hook for, why no warranty starts before full payment, and how to separate maintenance issues from true defects. Learn more about The Cromeens Law Firm here ! Grab Karalynn's new book Trust Your Gut here . Follow Karalynn Cromeens on Facebook here . Follow Karalynn Cromeens on Instagram here . Follow Karalynn Cromeens on LinkedIn here . Watch the show on YouTube here . Key Takeaways 1. A warranty is your legal obligation to fix defective work or materials for a defined period after completion. 2. Residential contractors have both express warranties (what you say or write) and implied warranties created by law. 3. You can limit warranties by stating only promises in the contract apply and no outside verbal promises are honored. 4. Implied warranties can often be disclaimed to the fullest extent allowed by law, depending on your state. 5. Your contract should state that the warranty does not begin until the job is complete and paid in full. 6. You should reserve the right to decide whether issues are handled by repair or replacement. 7. Your…
More episodes of Construction Legal Made Easy
- Stop Working When They Don't Pay
- TRUST YOUR GUT: Chapter Thirteen, Ignoring a Demand Letter Costed Him $100,000
- Stop Gambling with OSHA: Practical Safety for Small and Mid-Sized Contractors
- TRUST YOUR GUT: Chapter Eleven, Get Paid When Clients Cancel
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