Throughout your life, you will be entering into different types of contracts. One of the contracts you may find yourself entering is an HVAC service contract. This type of contract is prepared by an HVAC service provider and will require the consent of both parties (you and your preferred HVAC company) to constitute a legally enforceable agreement.
While an HVAC contract generally contains an implied duty of good faith, you have a responsibility to know what you're getting into before signing the contract. Claiming ignorance is no defense for shunning your obligations under a contract that you signed knowingly. With that said, here are some important factors to consider before appending your signature to an HVAC contract.
The Scope Of Work To Be Completed
HVAC companies specialize in installing, maintaining, and repairing various types of HVAC systems. They can also replace and help you dispose of HVAC equipment that has reached the end of its expected life. That said, every client's HVAC needs are different.
For example, one client may be looking to enter a contract that allows them to have their HVAC system maintained and repaired by the same company that will install it. On the other hand, another client may want a service provider that will only help with HVAC installation so they can use an in-house team to undertake maintenance and repair on the equipment Before signing your HVAC contract, make sure the service provider understands and has clearly defined the services they will be providing.
The Terms Of Payment
An HVAC contract is a commercial contract that legally binds you to pay a pre-agreed amount to your HVAC service provider for services they'll provide. Agreeing on payment terms beforehand helps avoid payment disputes that may arise down the line. It may also afford you the leverage to withhold payment in case the service provider fails to honor their commitment to the contract.
The Conditions And Requirements For Canceling The Contract
Situations can change and one or all of the signatories to an HVAC contract may find themselves unable to honor their obligations. Before entering into your HVAC contract, check to make sure that it has clear provisions for contract termination.
Entering into an HVAC contract is something that requires careful consideration because it can have huge implications for your financial situation. It's highly recommended you carefully read and understand every clause of the contract before signing it. Reach out to a professional who provides HVAC contracting services to learn more.