(photo credit: www.anp.com; google images (12.19.14) This article highlights the importance of using proper terminology and clearly defining payment obligations in written construction agreements. In Schmoldt & Daniels Masonry v. 723 S. Neil, LLC, 2014 IL App (4th) 140102-U, the court discusses the difference between a time-and-materials contract and a lump sum contract and …
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