If a breach of contract, construction defect or other incidents are discovered, contractors may be open to claims brought against them. Not only can these claims be costly, they can harm your reputation.
In this Legal Insights, Trent Cotney, partner at Adams and Reese, provides what contractors should look up in their respective states when it comes to determining whether they’re still liable following a job. These include statute of limitations as well as statute of repose.
“A lot of states will allow you to shrink the statute of limitations,” said Cotney. “It doesn’t work in every state … but it’s definitely something to look at.”
Contractors should also look at warranty information in relation to their contracts regarding product defects. In relation to products, Cotney discusses OSHA’s rulemaking when it comes to lead standards and exposure.
For those seeking additional legal tips and insights, join RC as its holds its 2022 Best of Success Conference Dec. 4-6 in Scottsdale, Ariz., Cotney will be among the speakers presenting at the conference, which provides new and improved ways to run your business for both commercial and residential applications.
Watch the full video here, or visit our podcast page to download this episode and listen on the go.