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Video

  • 45 minutes

Construction Contract Formation

 

Understand the basics of contract formation.

There are three basic types of contracts - written agreements, oral contracts and implied contracts. The first step in any contract is its formation. To create a contract there will be an offer, consideration, competitive bidding, performance considerations and acceptance. This video walks through the basics of contract formation.

Runtime: 44 minutes
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Agenda

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Faculty

Carol A. Sigmond

Carol A. Sigmond

Porzio Bromberg & Newman P.C.

  • A seasoned legal professional with over 30 years of experience, she brings significant knowledge to her practice which concentrates on construction industry matters
  • She has extensive experience litigating construction disputes for public works and buildings in both the public and private sectors, as well as preparing contract documents including design-build, construction management, guaranteed maximum price, and fixed-price contracts
  • Recognized thought leader in the construction law community in New York
  • Current vice president of the New York State Bar Association and the former president of the New York County Lawyers Association
  • Frequent speaker and author on topics relating to construction law and publishes “The Co-Op Condo Help Line” appearing monthly in various Mann Report publications
  • Member of Law360‘s 2020 Construction Editorial Advisory Board
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