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Assignment of Bond Claim Rights – Can You Contract Around Bond Limitations?

Payment bonds exist to secure payment rights for parties on a construction project in the event that the contractor defaults on its payment obligations. While any project can be bonded, bonds are generally found on public works, where a bond is normally required for all projects over a certain value. This is because public property […]

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Assignment of Mechanics Liens – But Not The Rights to Lien

Scott recently responded to a reader’s question with a very informative blog post addressing the assignability of mechanic’s liens generally, and in Louisiana in particular.  This is a short post addressing a point not raised by the reader’s question, but none-the-less related to mechanic’s lien and their assignment. The general rule, as Scott noted, is […]

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Louisiana Mechanics Lien Law: Can You Assign A Louisiana Mechanics Lien?

Thanks to a reader who requested a blog article about the assignability of mechanics lien rights in Louisiana, as it inspired this post.  You can post a question to us by clicking the “Ask Us” banner floating on the left-hand side of the blog. Assignment: A term used in the law of contracts and the […]

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Things To Think About When Assigning A Mechanics Lien

We’ve talked a lot about why you should file a mechanics lien, but something I always overlook and fail to mention this: A mechanics lien claim is an asset. Since a lien claim is an asset, most states allow you to “assign” the claim to any other person or entity.  Assignment is the transfer of rights […]

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Utah Mechanics Liens Are Assignable

Filing a mechanic’s lien in any state is fairly inexpensive and easy to do.   Legal Document Preparation services like Zlien, for example, perform the task for just $295.00. While the filing of a mechanic’s lien is effective in and of itself, at times the filing of a lien alone is not enough to get […]

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