Kushnick | Pallaci PLLC Attorney At Law

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Judicial License Agreements in NYC Webinar

Watch and listen to Kushnick Pallaci Managing Partner Vincent Pallaci discuss Judicial License Agreements in NYC in today’s Construction Law Webinar. You can learn more

Liquidating Agreements: What you should know

The Appellate Division, Second Department, recently issued a decision in Rad and D’Aprile, Inc. v. Arnell Construction Corp. where they analyzed the enforceability of liquidating agreements.

Free Sample Final Lien Waiver (NY)

Click the link below for a free sample form of a final lien waiver in New York.   This is provided for informational purposes only.  You

Surety’s Liability Limited to Face Amount of Discharge Bond

In Casa Redimix Concrete Corp. v. Cosner Construction Corp. the Appellate Division, First Department, looked at a case where the trial court awarded judgment in favor of hte plaintiff subcontractor and against the defendant general contractor and the

Release of Surety on Bid Bonds

A surety is no longer liable on a bid bond obligation once the contractor fulfills its obligations under the bid bond.  This may occur when the selected bidder enters into a contract with the property owner, when a

Mechanic’s Lien Discharge Bonds

Liens against property or public funds may be removed by a discharge of the lien. One method to discharge a ny mechanic’s lien is by discharging through a bond or deposit. N.Y. Lien Law §19. To discharge a

Surety’s liability under a Bid Bond

Generally, the surety will not become liable on a bid bond unless or until the contractor has the legal obligation to enter into the specified contract and subsequently fails to meet those obligations and requirements under the contract.

Parties In a Surety Relationship

In a typical surety relationship there are four parties that arise when a bond is executed: the principal, indemnitor, obligee, and surety. The principal is the party that obtains the bond, and the bond will secure the principal’s

Bid bonds

Public owners, and many private owners, will require contractors to submit bid bonds with their bids for construction projects. Bid bonds are used to secure the obligation of the successful bidder to enter into the contract as bid.

Kushnick | Pallaci PLLC Attorney At Law​

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