A: According to the National Association of the Remodeling Industry, a well-written contract should contain the following information:
- The contractor’s name, address, telephone and license number, if applicable;
- Details about what will and will not be done;
- A detailed list of materials for the project, including model, brand name and color.
- The approximate start date and substantial completion dates.
- A written notice of your right to cancel a contract within three business days of signing, without penalty – provided the contract was solicited at some place other than the contractor’s place of business or appropriate trade premise.
- Financial terms that are spelled out clearly, including payment schedules and any cancellation penalties.
- A one-year minimum warranty identified as either “full” or “limited” to cover materials and workmanship, as well as the name and address of the party who will honor the warranty.
- A binding arbitration clause, in the event a disagreement occurs.
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