The ABC’s of Evaluating Contractor’s License Bond Claims in Nevada

Contractor’s license bonds are required by statute in Nevada (NRS 624.270), and claims against the bond are also governed by statute (NRS 624.274). Therefore familiarity with those statutes is a prerequisite for evaluating a claim. Once a claim is asserted, these basic steps should be taken to assess the validity of that claim. IS THE … Continue reading “The ABC’s of Evaluating Contractor’s License Bond Claims in Nevada”

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Can Parties Shorten Statutory Limitation Periods?

The Holcomb Decision In Holcomb, the Nevada Supreme Court ruled that “[a] party can contractually agree to a limitations period shorter than that provided by statute in certain circumstances.” Holcomb Condo. Homeowners’ Assn., Inc. v. Stewart Venture, LLC, 300 P.3d 124 (Nev. 2013). The party can do so “as long as there exists no statute … Continue reading “Can Parties Shorten Statutory Limitation Periods?”

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Faux Law Expanding

Our very own Kurt Faux has been admitted to the Idaho Bar in conjunction with the expansion of our services in Idaho. Currently the Faux Law Group represents sureties in Utah, Nevada and California. Mr. Faux will be sworn in on April 14th.

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How to Avoid Paying Twice for the Same Work

By Kurt Faux The Nevada Supreme Court recently determined that an unconditional release from a bottom-tiered contractor to the middle-tiered and higher-tiered contractors did not preclude a claim by the bottom-tiered contractor when the middle-tiered contractor failed to pay. Cashman Equipment Co. v. West Edna Assocs., 132 Nev. Adv. Op. 69 (Sep. 29, 2016). The … Continue reading “How to Avoid Paying Twice for the Same Work”

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Charitable Derby Car Race

The PHCC of  Nevada during its Chilli Cook Off event held a charitable derby car race. The original cars were made by Toys 4 Smiles, association trying to “bring smiles” to children with scrap hardwood made cars. Jordan Faux, esq. designed and built Faux Law’s entry. Even though our car didn’t advance to the final round, … Continue reading “Charitable Derby Car Race”

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Nevada State Contractors Board’s Presentation

Margi Grein, executive officer of the Nevada State Contractors Board gave a presentation at our office about issues involving contractors. We had a great discussion. During the presentation she reminded us how to report unlicensed contractors in Nevada through email or through their app, you can find more info at the Board’s website.  

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Claimants Argue New Nevada Supreme Court Case Obligates Sureties to Arbitrate

By John Cory & Jordan Faux In general, most payment and performance bonds do not include an arbitration provision. Instead, a surety may be bound to arbitrate when the bond incorporates arbitration provisions in an underlying contract. While the pros and cons of arbitration are not the subject of this article, claimants will often file … Continue reading “Claimants Argue New Nevada Supreme Court Case Obligates Sureties to Arbitrate”

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Surety & Fidelity Association of Nevada’s Workshop

Jordan Faux was one of the presenters at the Contract Surety Bonding Workshop by the Surety & Fidelity Association of Nevada in conjunction with the Nevada Subcontractors Association & Associated Builders and Contractors Nevada.    

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Surety Industry Tip!

Potential Recovery Source for Sureties in Utah -The Residence Lien Restriction and Lien Recovery Fund Act.   Potential Recovery Source for Sureties in Utah – The Residence Lien Restriction and Lien Recovery Fund Act. In 1994, the Utah Legislature recognized a problem within the residential construction industry. A few contractors were taking money for construction … Continue reading “Surety Industry Tip!”

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Motor Vehicle License Bond Trends in Nevada

By Leland Faux Nevada Revised Statute 482.345 requires a car dealer to post a $100,000 bond for the benefit of consumers. Recently, we’ve noticed an uptick in volume of lawsuits on these types of bonds. This article will provide a brief synopsis of some of the trends we are seeing and how a surety can … Continue reading “Motor Vehicle License Bond Trends in Nevada”

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