A401® - 2017 Standard Form of Agreement Between Contractor and Subcontractor
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Questions and Answers

Which party is encouraged to consult with an attorney regarding the completion or modification of the agreement?

  • The Contractor
  • Both the Contractor and the Subcontractor (correct)
  • The Owner
  • The Subcontractor

    • What is the purpose of the Prime Contract?

  • To establish legal consequences for the parties involved
  • To specify the completion or modification of the agreement
  • To encourage consultation with an attorney
  • To provide labor, materials, equipment, and services for the Project (correct)

    • What is the legal status of the Contractor and Subcontractor?

  • Corporations
  • Partnerships
  • The text does not specify (correct)
  • Sole Proprietorships

    • What is the purpose of Document A401®?

    <p>To establish legal consequences for the parties involved</p> Signup and view all the answers

    What is the recommended action regarding the completion or modification of the agreement?

    <p>Consult with an attorney</p> Signup and view all the answers

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