The Builder Buyer Agreement serves as the primary contract document between construction companies and property buyers in the United States. This agreement is essential when a buyer contracts a builder to construct a new property, whether residential or commercial. It includes crucial details such as construction specifications, payment schedules, completion timelines, and quality standards. The agreement must comply with federal regulations like the Interstate Land Sales Full Disclosure Act, state-specific building codes, and local construction regulations. It provides legal protection for both parties and serves as a reference document throughout the construction process and warranty period.
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1. Parties: Identification and details of the builder and buyer
2. Background: Context of the agreement and general purpose
3. Definitions: Key terms used throughout the agreement
4. Property Details: Specific details of the property to be constructed
5. Construction Specifications: Detailed specifications of the construction work
6. Payment Terms: Price, payment schedule, and related conditions
7. Timeline: Construction schedule and completion dates
8. Warranties: Builder's warranties and guarantees
9. Insurance Requirements: Required insurance coverage for both parties
10. Dispute Resolution: Procedures for handling disputes between parties
11. Termination: Conditions and procedures for contract termination
1. Financing Conditions: Terms and conditions related to buyer's financing arrangements
2. Customization Options: Details of buyer's choices for finishes and modifications
3. Environmental Provisions: Special environmental requirements or considerations
4. Force Majeure: Provisions for unforeseen circumstances and events beyond parties' control
1. Schedule A - Floor Plans: Detailed architectural drawings and plans
2. Schedule B - Materials Schedule: List of materials to be used in construction
3. Schedule C - Payment Schedule: Detailed breakdown of payment milestones
4. Schedule D - Specifications Schedule: Detailed technical specifications
5. Schedule E - Warranties and Guarantees: Detailed warranty terms and conditions
6. Schedule F - Construction Timeline: Detailed project schedule with milestones
7. Schedule G - Customization Options: Detailed list of available customization options and upgrades
Relevant legal definitions
Agreement
Applicable Laws
Architect
Builder
Building Plans
Building Specifications
Business Day
Buyer
Certificate of Occupancy
Change Order
Commencement Date
Completion Date
Construction Documents
Construction Schedule
Contract Price
Defect
Deposit
Extra Work
Final Completion
Force Majeure
Intellectual Property Rights
Material Change
Payment Schedule
Permits
Plans and Specifications
Project
Property
Purchase Price
Substantial Completion
Site
Specifications
Stages of Work
Standard Inclusions
Variations
Warranty Period
Work
Applicable Laws
Architect
Builder
Building Plans
Building Specifications
Business Day
Buyer
Certificate of Occupancy
Change Order
Commencement Date
Completion Date
Construction Documents
Construction Schedule
Contract Price
Defect
Deposit
Extra Work
Final Completion
Force Majeure
Intellectual Property Rights
Material Change
Payment Schedule
Permits
Plans and Specifications
Project
Property
Purchase Price
Substantial Completion
Site
Specifications
Stages of Work
Standard Inclusions
Variations
Warranty Period
Work
Clauses
Parties and Property Description
Construction Specifications
Payment Terms
Timeline and Completion
Construction Standards
Warranties and Guarantees
Inspections and Access
Change Orders
Default and Remedies
Insurance Requirements
Force Majeure
Termination
Dispute Resolution
Assignment and Delegation
Permits and Compliance
Materials and Workmanship
Site Access and Security
Utilities and Services
Title and Risk
Variations and Modifications
Defects and Repairs
Environmental Compliance
Health and Safety
Intellectual Property
Confidentiality
Notices
Indemnification
Governing Law
Entire Agreement
Severability
Construction Specifications
Payment Terms
Timeline and Completion
Construction Standards
Warranties and Guarantees
Inspections and Access
Change Orders
Default and Remedies
Insurance Requirements
Force Majeure
Termination
Dispute Resolution
Assignment and Delegation
Permits and Compliance
Materials and Workmanship
Site Access and Security
Utilities and Services
Title and Risk
Variations and Modifications
Defects and Repairs
Environmental Compliance
Health and Safety
Intellectual Property
Confidentiality
Notices
Indemnification
Governing Law
Entire Agreement
Severability
Relevant Industries
Relevant Teams
Relevant Roles
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