This episode is a re-run. It was originally published in September 2022.
Contracts often state unnecessary complexities, but fear not, as we're here to help you! Tune in!
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Timestamps:
(2:40) - While they are construction companies that have construction expertise, they're actually finance companies
(4:02) - It is in their best interest as a risk arbitrage to make the contracts down the way more aggressive than the one that they've signed
(5:40) - The construction industry has the highest insolvency rate out of any industry
(6:15) - Their goal is to push the risk down onto you
(7:51) - Even though it looks like a standard contract, it isn't necessarily going to be a standard contract
DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have.
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