Month: May 2019

Fill In The Blanks: AIA Documents Anticipate Customization For Your Project

05/20/2019Vandeventer Black

Various construction-industry organizations, such as the AIA, DBIA, and EJCDC, offer coordinated families of contract documents.  Because every project is unique, those documents anticipate customization by providing blank spaces in certain terms.  Using the AIA family of documents as an example, the very first page of B101-2017, Standard Form of Agreement Between Owner and Architect,… Read more »

Tools of Mutual Benefit: The Scope and Purpose of Lease Guaranties

05/17/2019Crouch, Richard J.

A guaranty is an agreement under which an individual (or entity) agrees to satisfy the underlying obligations of a primary obligor if such obligor defaults on the underlying obligation. With respect to a lease guaranty, the guarantor is often the principal or owner playing a key role in the tenant entity or a parent/affiliate of… Read more »