A Maine Subcontractor Agreement is a legal document that establishes a relationship between a contractor and a subcontractor within the context of a larger project, typically construction. The agreement outlines the work a subcontractor must complete and the payment terms for the subcontracted work.
According to 10 Maine Rev. Stat. § 1114, when the subcontractor has performed under the contract, the contractor must pay the subcontractor seven days after the contractor receives payment from the owner or upon receipt of the subcontractor’s invoice, whichever is later.
The subcontractor agreement also outlines what happens if there is a dispute between the contractor and the subcontractor. Many agreements also note what occurs when a subcontractor wrongly discloses confidential information.
A subcontractor may be responsible for bringing his or her own materials, equipment, and even labor to a job, which will likely be a condition of the agreement. Establishing this and other essential details upfront is critical so everyone knows what to expect.