NEWS & EVENTS
Mo-Kan Construction Law Blog: Mechanic’s Liens
A mechanic’s lien is, short and simply, a contractor’s best friend. It is the most powerful tool available to general contractors, subcontractors, and suppliers to obtain payment. Liens allow a contractor to force the owner to sell a property in order to satisfy the amount owed for construction work. Lien rights should never be waived, compromised, diluted or allowed to expire. Contractors and suppliers that give in to the notion that protecting or filing a mechanic’s lien will hurt their ability to get future business are thinking foolishly and irrationally. Why give up the ability to get paid now, so that you can get business in the future from the same party that isn’t paying you now? Even parties with the best of intentions have financial difficulties or go out of business. You should never allow someone else’s problem to become your own. The best way to protect your financial interests is through mechanic’s liens.
Read the full story on mechanic’s liens the Mo-Kan Construction Law blog.
The Mo-Kan Construction Law blog connects readers with legal issues and news related specifically to the construction industry. The blog is authored by Dysart Taylor attorney Lee Brumitt. Lee focuses his legal practice in construction law and represents a wide variety of construction trades.