Real Estate Development and Construction Contracts: What You Need to Know
Matthew J. DeVries of Burr & Forman offers a few items to think about when drafting contracts, relying on a book titled “Courses on Drafting Contracts.”
He quotes author and business attorney Peter Siviglia when he writes, “the contract will help define: (1) a transaction, such as the purchase of real estate; (2) a relationship, such as a partnership, or (3) a combination of both, such as a partnership to purchase and develop real estate.”
Other subjects include “A contract is a set of instructions,” and “A contract should include standard provisions.”