Amends TCA Title 12; Title 62 and Title 68.
This bill prohibits any person from conditioning, reducing, withholding, or delaying payment pursuant to a construction agreement to a commercial building contractor by requiring the commercial building contractor to sign a waiver, release, denial, discharge, negative affirmation, or similar document, other than a document that corresponds directly to the specific work, services, materials, and labor for which the payment is due. This bill creates a private cause of action whereby a commercial building contractor suffering damages as a result of a violation of this bill may seek recovery against the person who violates this bill.
This bill prohibits any person from conditioning, reducing, withholding, or delaying payment pursuant to a construction agreement to a commercial building contractor by requiring the commercial building contractor to sign a waiver, release, denial, discharge, negative affirmation, or similar document, other than a document that corresponds directly to the specific work, services, materials, and labor for which the payment is due. This bill creates a private cause of action whereby a commercial building contractor suffering damages as a result of a violation of this bill may seek recovery against the person who violates this bill.
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