 |
Penalties for using an illegal construction contract in Wyoming:
- There is no right to reimbursement of legal expenses if the contract fails to grant attorney fees to the prevailing party in any dispute.
- Failure to create a private limitations period in the contract invokes the 10-year Wyoming statute of limitations.
- Any disclaimer of warranty in the contract will be strictly interpreted against the party making the disclaimer.
- Wyoming courts will not enforce a liquidated damages clause which constitutes a penalty rather than a reasonable forecast of just compensation.
- Omission of the notice required by either Wyoming Statutes Annotated § 40-14-253(b) or (c) gives an owner the right to cancel a contract at any time (even months after work is complete). § 40-14-253(d).
- Omission of federal truth in lending disclosures required by 15 United States Code § 1638 makes the creditor liable for both the overcharge and the debtor's attorney fees.
- Omission of disclosures required by 12 Code of Federal Regulations § 226.15 extends the right of rescission to three years (rather than three days).
- Omission of insulation disclosures required by 16 Code of Federal Regulation § 460 can result in an $11,000 fine.
The contracts linked below will help Wyoming contractors avoid these penalties by complying with state and federal law.
The contracts linked below also comply with current Wyoming and federal court decisions.
The contracts linked below comply with the following Wyoming and federal laws:
- Arbitration -- Wyoming Statutes Annotated § 1-36-103
- Indemnification -- Wyoming Statutes Annotated § 30-1-131
- Insulation disclosure -- 16 Code of Federal Regulation § 460
- Interest on unpaid balances -- Wyoming Statutes Annotated § 40-14-106(e)
- Right of rescission -- 12 Code of Federal Regulations § 226.15
- Statute of limitations -- Wyoming Statutes Annotated § 1-3-105
- Statute of repose -- Wyoming Statutes Annotated § 1-3-111
- Truth in lending -- 15 United States Code § 1638
- Warranty disclaimer -- Wyoming Statutes Annotated § 34.1-2-316
Return to Penalties for Illegal Contracts in Wyoming.
The contracts linked below conform with current Wyoming and federal court decisions.
The contracts linked below comply with the following Wyoming and federal court decisions:
- Attorney fees -- Cline v. Rocky Mountain, Inc., 2000 Wyo. LEXIS 49
- Choice of law -- Bradley v. Bradley, 2007 WY 117
- Claims for extra work -- Westates Construction Co. v. Cheyenne, 1989 Wyo. LEXIS 143
- Consequential damages -- JBC of Wyoming Corp. v. Cheyenne, 1992 Wyo. LEXIS 198
- Contractor claims for delay -- Melka Marine Inc. v United States, 187 F.3d 1370, 1999
- Damages for delay -- Studer v. Rasmussen, 80 Wyo. 465, 1959
- Defects in the plans -- Reiman Construction Co. v. Jerry Hiller Co., 1985 Wyo. LEXIS 620
- Disclaimer of implied warranty -- Greeves v. Rosenbaum, 1998 Wyo. LEXIS 144
- Implied warranty -- Alpine Climate Control, Inc. v. DJ'S, Inc., 2003 WY 138
- Indemnification -- Berger v. Teton Shadows, Inc., 1991 Wyo. LEXIS 165
- Liquidated damages -- G.C.I., Inc. v. Haught, 2000 Wyo. LEXIS 163
- Oral modification of contract -- Huang Int'l v. Foose Construction Co., 1987 Wyo. LEXIS 415
- Remedy for delay -- Gillette v. Hladky Construction, Inc., 2008 WY 134
- Residential warranty -- Deisch v. Jay, 1990 Wyo. LEXIS 46
- Statute of limitations -- Amoco Production Co. v. EM Nominee Partnership Co., 2000 Wyo. LEXIS 107
- Statute of repose -- Nuhome Investments, LLC v. Weller, 2003 WY 171
- Warranty -- Stauffer Chemical Co. v. Curry, 1989 Wyo. LEXIS 185
Return to Penalties for Illegal Contracts in Wyoming.
Return to construction contract laws in Wyoming.
|
