In an article recently published in Business in Vancouver’s: Construction in Vancouver Magazine, Partner, Chris Hirst, explains the importance of clear and precise language in pay-when-paid clauses. The article, co-authored by Norm Streu, discusses the court’s hesitation to enforce pay-when-paid clauses because they are activated by a non-paying owner, a situation trade contractors have no control over. However, the article notes that if you are a trade contractor, you can anticipate this risk by ensuring that the general contractor is not attempting to shift the risk of non-payment onto you.
To learn more about pay-when-paid clauses, you can read the full article here.
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