Why Should You Incorporate? What are the reasons to incorporate your business? How to protect your personal assets and save on self-employment. Corporation Law explained by Learn About Law.

One of the most common price structures is for the owner to pay the contractor the cost of work plus the contractor’s fee. ​Often, in a “cost-plus-fee” contract, the contractor’s fee is calculated as a certain percentage of the actual costs associated with the work, including labor, materials, storage, and transportation. A common way to mitigate the owner’s risk and provide a level of certainty as to the cost of the project is for the contractor to set a guaranteed maximum price.

When two parties litigate in America, each side typically bears its own attorney fees, whether they win or lose. The prominent exception to this rule is when attorney fees are specifically provided for either in a statute particular to the subject matter of the litigation or a in contract between the parties.