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South Carolina Contract Law <ul><ul><li>William “Trey” Wharton Watkins, Jr. </li></ul></ul><ul><ul><li>Elmore & Wall, P.A....
Topics : <ul><li>Basic Contract Theory </li></ul><ul><li>Elements of a Contract </li></ul><ul><li>Contract Interpretation ...
Basic Contract Theory <ul><li>5 Most Important Things to Consider in Your Work </li></ul><ul><ul><ul><li>The Contract </li...
Basic Contract Theory <ul><li>What is a Contract: </li></ul><ul><ul><li>A mutual agreement between two or more parties, su...
Basic Contract Theory <ul><li>Parties to a Construction Contract: </li></ul><ul><ul><li>Architect </li></ul></ul><ul><ul><...
Elements of a Contract <ul><li>Offer </li></ul><ul><li>Acceptance </li></ul><ul><li>Consideration </li></ul>
Elements of a Contract <ul><li>Other Considerations </li></ul><ul><ul><li>Legality </li></ul></ul><ul><ul><li>Capacity/ Au...
Elements of a Contract - Offer <ul><li>Essential Terms </li></ul><ul><ul><li>Price  </li></ul></ul><ul><ul><li>Scope </li>...
Elements of a Contract - Acceptance <ul><li>Must mirror the offer </li></ul><ul><li>If any term changed, then it is not ac...
Elements of a Contract - Consideration <ul><li>Each party must get something of value </li></ul><ul><ul><li>Contractor agr...
Contract Interpretation <ul><li>Plain Meaning </li></ul><ul><li>Review entire document for meaning </li></ul><ul><li>Every...
Breach of Contract <ul><li>Not illegal to breach </li></ul><ul><li>Material </li></ul><ul><li>Immaterial </li></ul>
Types of Contracts <ul><li>Lump Sum or Fixed Price </li></ul><ul><li>Cost Plus </li></ul><ul><li>Unit Price </li></ul>
Contracting Methods <ul><li>Traditional </li></ul><ul><li>Design/Build </li></ul><ul><li>Turnkey </li></ul><ul><li>“ CM” –...
Specific Issues Related to Construction <ul><li>Cardinal Change </li></ul><ul><li>Changed Conditions </li></ul><ul><ul><li...
South Carolina Contract Law <ul><ul><li>Trey Watkins </li></ul></ul><ul><ul><li>Post Office Box 1200 </li></ul></ul><ul><u...
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SC Contract Law For Contractors

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This is a basic presentation on contract law in South Carolina for Contractors, Subcontractors, Residential Contractor, Commercial Contractor, Material Supplier, product manufacturer, and homebuilder to avoid litigation and ensure payment on the project.

General Disclaimer:
The information on these pages is provided as a public service. Information contained in these pages is not intended as, and should not be taken as, legal advice. The use of the information provided in these pages should not be taken as establishing any contractual or other form of attorney-client relationship between anyone or any law firm and the reader or user of this information. A result achieved on behalf of one client in one matter does not necessarily indicate similar results can be obtained for other clients.

PLEASE NOTE: While we would like to hear from you, please understand that merely contacting us does not create an attorney-client relationship. We cannot become your lawyers or represent you in any way unless (1) we know that doing so would not create a conflict of interest with any of the clients we represent, and (2) satisfactory arrangements have been made with us for representation. Accordingly, please do not send us any information about any matter that may involve you unless we have agreed that we will be your lawyers and represent your interests and you have received a letter from us to that effect (called an “engagement letter”).

If you have questions regarding contract law in South Carolina you should seek the advice of a lawyer. Wall Templeton can be reached at 843-329-9500.

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Transcript of "SC Contract Law For Contractors"

  1. 1. South Carolina Contract Law <ul><ul><li>William “Trey” Wharton Watkins, Jr. </li></ul></ul><ul><ul><li>Elmore & Wall, P.A. </li></ul></ul><ul><ul><li>Post Office Box 1200 </li></ul></ul><ul><ul><li>Charleston, S.C. 29402 </li></ul></ul><ul><ul><li>(843) 329-9500 </li></ul></ul>
  2. 2. Topics : <ul><li>Basic Contract Theory </li></ul><ul><li>Elements of a Contract </li></ul><ul><li>Contract Interpretation </li></ul><ul><li>Breach of Contract </li></ul><ul><li>Types of Contracts </li></ul><ul><li>Contracting Methods </li></ul><ul><li>Specific Issues Related to Construction </li></ul>
  3. 3. Basic Contract Theory <ul><li>5 Most Important Things to Consider in Your Work </li></ul><ul><ul><ul><li>The Contract </li></ul></ul></ul><ul><ul><ul><li>The Contract </li></ul></ul></ul><ul><ul><ul><li>The Contract </li></ul></ul></ul><ul><ul><ul><li>The Contract </li></ul></ul></ul><ul><ul><ul><li>The Contract </li></ul></ul></ul>
  4. 4. Basic Contract Theory <ul><li>What is a Contract: </li></ul><ul><ul><li>A mutual agreement between two or more parties, supported by valid consideration. </li></ul></ul>
  5. 5. Basic Contract Theory <ul><li>Parties to a Construction Contract: </li></ul><ul><ul><li>Architect </li></ul></ul><ul><ul><li>Engineer </li></ul></ul><ul><ul><li>GC </li></ul></ul><ul><ul><li>Subcontractors </li></ul></ul><ul><ul><li>Material Suppliers </li></ul></ul><ul><ul><li>Craftsmen/ Laborers </li></ul></ul><ul><ul><li>Lenders </li></ul></ul><ul><ul><li>Sureties </li></ul></ul><ul><ul><li>Insurance Companies </li></ul></ul>
  6. 6. Elements of a Contract <ul><li>Offer </li></ul><ul><li>Acceptance </li></ul><ul><li>Consideration </li></ul>
  7. 7. Elements of a Contract <ul><li>Other Considerations </li></ul><ul><ul><li>Legality </li></ul></ul><ul><ul><li>Capacity/ Authorization </li></ul></ul><ul><ul><li>Oral v. Written Contracts </li></ul></ul><ul><ul><ul><li>Transfer of Property </li></ul></ul></ul><ul><ul><ul><li>Integration </li></ul></ul></ul>
  8. 8. Elements of a Contract - Offer <ul><li>Essential Terms </li></ul><ul><ul><li>Price </li></ul></ul><ul><ul><li>Scope </li></ul></ul><ul><ul><li>Time </li></ul></ul><ul><li>Other Important Terms </li></ul><ul><ul><li>Date of the offer </li></ul></ul><ul><ul><li>Time limit for acceptance </li></ul></ul><ul><ul><li>Reference to documents included in the contract </li></ul></ul><ul><ul><li>Timing of payment </li></ul></ul><ul><ul><li>Completion date </li></ul></ul><ul><ul><li>Dispute resolution procedures </li></ul></ul>
  9. 9. Elements of a Contract - Acceptance <ul><li>Must mirror the offer </li></ul><ul><li>If any term changed, then it is not acceptance. It is a counter-offer. </li></ul>
  10. 10. Elements of a Contract - Consideration <ul><li>Each party must get something of value </li></ul><ul><ul><li>Contractor agrees to build something </li></ul></ul><ul><ul><li>Owner agrees to pay for the work </li></ul></ul><ul><li>Promissory estoppel can be substituted for payment </li></ul>
  11. 11. Contract Interpretation <ul><li>Plain Meaning </li></ul><ul><li>Review entire document for meaning </li></ul><ul><li>Every term presumed to have meaning </li></ul><ul><li>Construed against the drafter </li></ul><ul><li>Parole Evidence </li></ul>
  12. 12. Breach of Contract <ul><li>Not illegal to breach </li></ul><ul><li>Material </li></ul><ul><li>Immaterial </li></ul>
  13. 13. Types of Contracts <ul><li>Lump Sum or Fixed Price </li></ul><ul><li>Cost Plus </li></ul><ul><li>Unit Price </li></ul>
  14. 14. Contracting Methods <ul><li>Traditional </li></ul><ul><li>Design/Build </li></ul><ul><li>Turnkey </li></ul><ul><li>“ CM” – Construction Manager </li></ul><ul><ul><li>At risk </li></ul></ul><ul><ul><li>Agency </li></ul></ul><ul><li>Multiple Prime </li></ul><ul><li>Fast Track </li></ul>
  15. 15. Specific Issues Related to Construction <ul><li>Cardinal Change </li></ul><ul><li>Changed Conditions </li></ul><ul><ul><li>Type I </li></ul></ul><ul><ul><li>Type II </li></ul></ul><ul><li>Pay when paid clause </li></ul><ul><li>Flow down clause </li></ul><ul><li>No damages for delay clause </li></ul><ul><li>Attorneys fees </li></ul><ul><li>Liquidated damages </li></ul>
  16. 16. South Carolina Contract Law <ul><ul><li>Trey Watkins </li></ul></ul><ul><ul><li>Post Office Box 1200 </li></ul></ul><ul><ul><li>Charleston, S.C. 29402 </li></ul></ul><ul><ul><li>(843) 329-9500 </li></ul></ul><ul><ul><li>[email_address] </li></ul></ul>
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