![]() The following language is acceptable: "The contractor and the homeowner hereby mutually agree in advance that in the event that the contractor has a dispute concerning this contract, the contractor may submit such dispute to a private arbitration service which has been approved by the Office of Consumer Affairs and Business Regulation and the consumer shall be required to submit to such arbitration. However, if the contractor wishes to initiate arbitration, this provision must be in the contract, and must be clearly set out, and separately signed by both the homeowner and contractor. A sentence explaining that no work can begin prior to the signing of the contract and the owner receiving a copy of the contract.Ĭhapter 142A does not require that an arbitration clause be included in the contract.Acceleration of payment: No contract can contain an acceleration clause that would require any part or all of the balance not yet due to be declared due and payable because the contractor deems himself to be insecure.that owners who secure their own building permits or deal with unregistered contractors will not be eligible to access the Guaranty Fund.that the contractor must obtain such permits.any and all necessary construction-related permits.Any other provisions otherwise required by the applicable laws of the Commonwealth.An enumeration of such other matters upon which the owner and contractor may lawfully agree.Whether any lien or security interest is on the residence as a consequence of the contract. ![]()
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