Iowa Contract Attorneys | Merger and Acquisition Lawyers, Iowa

Force majeure clauses are clauses that discuss what occurs during "an act of god", such as the current coronavirus (COVID-19) pandemic. In this companion piece, our Iowa contract lawyers let our readers know how the pandemic could trigger these clauses.

During these uncontrollable circumstances, questions arise regarding upholding legal contracts and responsibilities during this time. A force majeure allows both parties to mutually absolve any obligations under such circumstances such as natural disasters or pandemics.

This article explains the basics of “Guaranteed Maximum Price” construction contracts, including an explanation of contingencies and allowances, two common components of these types of contracts.  (For a broader discussion on general contractor agreements, check out our article on General Contractor Agreements Explained.)

​One of the most common price structures is for the owner to pay the contractor the cost of work plus the contractor’s fee. Our Iowa contract attorneys explain the specifics of these construction contracts and walk you through allowances and contingencies.

Read the full article by our Iowa contract lawyers about the guaranteed price contracts and the contract review process in Iowa. 

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In this article, our Iowa contract attorneys discuss the basics of an Iowa real estate contract, examine some specific line items and what they mean, and review some of the more important stipulations of an Iowa real estate contract. In general, there is a recommended timeline to follow and our attorneys outline what should go in the contract and how to construct it.