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8122 - Lien & Bond Claims

Prudent subcontractors take advantage of every tool available to them to protect their payment rights. These tools include payment bonds and mechanic’s liens. Bond and lien claims can be powerful weapons, but payment bonds, mechanics’s liens and the laws regarding them can be complex and tricky, and each state’s law is different. One simple misstep can deprive a subcontractor of its lien and/or bond rights. In this video-on-demand, Timothy J. Woolford, Esq., Woolford Law, P.C., explains the basics, including what to do, when to do it and what to avoid in order to preserve these potent and valuable weapons to enforce your sacred payment rights.

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