Construction Agreement Example

A construction agreement is a legal contract that is made between the client and the contractor in order to provide legal validation for all the promises made by each party in the contract of construction. A construction agreement is a formal document that is entered for the contract of construction or renovation of any property, whichever is the subject matter of the contract. The agreement also includes all the terms that are made for undertaking the construction by the contractor and also includes payment details and provisions for penalties in case of default in payment of consideration or in case of default in completing the contract.