In this article, our Schaumburg contract attorneys explain maximum price construction contracts and reviewing those contracts to ensure both parties understand and have clearly defined expectations of the contract. This includes detailing cost, scope of work, bonds. Reviewing the contract and including all aspects helps to minimize the potential for disputes and sets clear expectations for both parties.

Read the full article by our Schaumburg contract lawyers on maximum price construction contracts.

In this article, our Schaumburg contract attorneys explain common defenses to claims that a contract has been breached in Schaumburg. We discuss the most common defenses to breaches of contract claims and the conditions that potentially invalidate contracts. These include fraud, anticipatory repudiation, impracticality, duress, or breach by the other party.  

Read the full article by our Schaumburg contract lawyers about defenses to breach of contract matters in Schaumburg.

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Parties to a real estate contract have typically 5 days to review a contract in order to read, modify or notate changes to the contract. Some of the more important aspects to take note and watch out for are:

• Purchase price and earnest money
• Fixtures and personal property included in the transaction
• Mortgage contingency
• Tax prorations
• Optional provisions

In this article, our Schaumburg contract attorneys explain these aspects of contracts and why they're important to know when negotiating a contract.

Read the full article by our Schaumburg contract law attorneys explaining what to look for in your Schaumburg real estate contract.

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