Springing Security Issue/Progress Payments
Last Review
Last Update
Statutes
"6.3 (1) Proper invoices shall be given to an owner on a monthly basis, unless the contract provides otherwise. 2017, c. 24, s. 7.
Construction Act, R.S.O. 1990, c. C.30"
Cases
Progress payment structure may not be enforceable as attachment only occurs when the schedule is executed. This is an area that is currently evolving and there are no definitive conclusions that can be drawn. Caution should be utilized.
Comments
None.
Contributors
Jonathan E. Fleisher
The statutory information was edited and reviewed with the support of MultiState
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