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Bid Bond and Withdrawl of Bid

Does the Bid Bond Call for a Forfeiture or Payment of Damages? We all know that the bid bond guarantees that the principal will sign the contract and provide the required performance and payment bonds, insurance policies and other contract…

Frank LanakNovember 26, 2014

Court Opinions

Contractors Face Uphill Battle Against Design Professionals

On July 30, 2014, a California Appeals Court issued an opinion which reaffirms the difficulty that general contractors face in pursuing engineers and other design professionals for negligent work. In Atlas-Allied, Inc. v. San Diego Community College District, et al. (D061295) (Cal.…

Colin McCarthyAugust 29, 2014

Court Opinions

Courts Give Surety Regulations Teeth

When evaluating a lawsuit on a surety bond, whether as the claimant or as the surety, one of the very first questions that attorneys always ask is “Is it timely?” If the answer is no, then that usually is the…

Lanak & HannaAugust 29, 2014

legal-terms-laws

Gaps In Coverage In OCIP And Umbrella Policies

This article will only deal with the comprehensive general liability (CGL) policy under an OCIP program and Umbrella excess policies and focus on some provisions that every contractor and subcontractor in the program should be familiar with so as to…

Frank LanakJuly 9, 2014

Business Transaction Law

Preventing Personal Liabilitiy of Shareholders: The Importance of Maintaining Corporate Formalities

Create a corporation and limit liability, right? Not necessarily. There are specific requirements under California law which must be met in order to maintain a corporation. These requirements are commonly referred to as “corporate formalities.” Corporate formalities are the basic…

Lanak & HannaDecember 23, 2013

News & Information

Bid Bond and Withdrawl of Bid

Contractors Face Uphill Battle Against Design Professionals

Courts Give Surety Regulations Teeth

Gaps In Coverage In OCIP And Umbrella Policies

Preventing Personal Liabilitiy of Shareholders: The Importance of Maintaining Corporate Formalities

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