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The main contractor withholds money on sub-contractors who may also then withhold on sub-sub contractors. [3]: 18 The retention money is typically released in two portions (known [by whom?] as moieties); the first being payable at completion of a project and the second at the end of the defects liability period. This period is the time during ...
A request was also made to send the money back. FEMA has handed out more than $1.4 billion in housing and aid for migrants over the last two years, according to earlier audits.
A retention of title clause (also called a reservation of title clause or a Romalpa clause in some jurisdictions) is a provision in a contract for the sale of goods that the title to the goods remains vested in the seller until the buyer fulfils certain obligations (usually payment of the purchase price).
This is a modification of the Epopt's letter above. Changes have been made to make it less specific to the particular situation that inspired the original letter, and more applicable to other cases. Name or Title Address. Dear <NAME>: I am an editor of Wikipedia, a multilingual project to create a complete and accurate encyclopedia by open editing.
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A retainer agreement is a work-for-hire contract.It falls between a one-off contract and permanent employment, which may be full-time or part-time. [1] Its distinguishing feature is that the client or customer pays in advance for professional work to be specified later.
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The Employee Retention Credit is a refundable tax credit against an employer's payroll taxes. [2] It was established as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law by President Donald Trump, in order to help employers during the pandemic. [3]