438: How to Get Paid Faster as a Roofing Contractor: Legal Tips from a Construction Attorney (with Alex Barthet)

Always review your financial statements monthly to identify outstanding payments, as collection likelihood decreases significantly after 30-60 days.

Actively secure your lien rights by understanding and adhering to state-specific lien laws and deadlines; services can help manage these crucial filings.

Insist on a price escalation clause in your contracts to protect against rising material costs, ensuring the clause is specific and not just a 'hoop to jump through.'

Have an attorney review all contracts, both those you use and those you are presented with, to understand your exposure and negotiate unfavorable terms.

Develop and use your own standard contract form; being the first to present a contract typically results in better terms for your business.

Prioritize including an unequivocal 'right to stop work' provision in your contracts, especially if not paid, to avoid working without compensation and legal breach.

Utilize tools like 'Contract Detective' and services for lien notices to streamline legal processes and proactively identify potential contractual risks.