SIMPLE RENOVATION CONTRACT

State where the Property is located: {{governing_state}}

This Simple Renovation Contract ("Contract") is entered into as of {{contract_date}} by and between:

Owner:
Name: {{owner_fullname}}
Address: {{owner_address}}
Phone: {{owner_phone}}
Email: {{owner_email}}

Contractor:
Name: {{contractor_fullname}}
Address: {{contractor_address}}
License Number: {{contractor_license}}
Phone: {{contractor_phone}}
Email: {{contractor_email}}

The parties agree to the following terms:
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§ 1. Parties and Scope of Work

1. Work Description: The Contractor shall perform renovation work at the property located at {{property_address}} as described below:
- {{work_description}}

2. Scope of Work includes in particular:
   a. {{scope_item_1}}
   b. {{scope_item_2}}
   c. {{scope_item_3}}
   d. {{scope_item_4}}

3. Additional Work: Any work beyond the scope described above must be agreed upon in writing by both parties before commencement.

4. Subcontractors: The Contractor may engage subcontractors to perform portions of the Work, remaining fully responsible for their performance.

§ 2. Timeline

1. Start Date: The Work shall commence on {{start_date}}.
2. Completion Date: The Work shall be completed by {{completion_date}}.
3. Delays: If delays occur due to circumstances beyond the Contractor's reasonable control (force majeure, material supply delays, regulatory decisions), the completion date shall be extended accordingly. The Contractor shall promptly notify the Owner of any such delays.
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§ 3. Contract Price and Payment

1. Total Price: The total price for the Work shall be ${{contract_price}}.

2. Payment Schedule:
   a. First installment (deposit): ${{installment1_amount}} due upon signing this Contract, not to exceed the maximum deposit allowed for home improvement contracts where the Property is located.
   b. Second installment: ${{installment2_amount}} due upon completion and acceptance of {{installment2_milestone}}.
   c. Third installment (final): ${{installment3_amount}} due within 14 days of final completion and acceptance of all Work.

3. Payment Method: Payments shall be made via {{payment_method}}.

§ 4. Termination

1. Mutual Termination: Either party may terminate this Contract by providing 14 days' written notice to the other party.

2. Effect of Termination:
   a. The Owner shall pay for all Work satisfactorily completed up to the termination date.
   b. The Contractor shall refund any portion of the deposit corresponding to Work not yet performed.
   c. The Contractor shall secure and clean up the work site.

3. Immediate Termination: The Owner may terminate this Contract immediately if the Contractor fails to remedy material defects within 14 days of receiving written notice.
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§ 5. General Provisions

1. Warranty: The Contractor warrants all completed Work for a period of 12 months from the date of the signed final acceptance. Any defects identified within this period shall be remedied by the Contractor at no additional cost within a mutually agreed timeframe.

2. Materials: The parties shall jointly agree on the type and scope of materials required. Material costs are borne by the Owner unless otherwise agreed in writing.

3. Governing Law: This Contract shall be governed by the laws of the jurisdiction where the Property is located.

4. Amendments: Any amendment to this Contract must be in writing and signed by both parties.

5. Entire Agreement: This Contract constitutes the entire agreement between the parties and supersedes all prior negotiations or agreements.

6. Dispute Resolution: The parties shall attempt to resolve any disputes amicably. If no resolution is reached, disputes shall be submitted to the courts of competent jurisdiction where the Property is located.

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§ 6. Owner's Right to Cancel

1. If this Contract is signed at the Owner's residence, or anywhere other than the Contractor's permanent place of business, the Owner may cancel it without penalty or obligation at any time before midnight of the third business day after the date of this Contract (FTC Cooling-Off Rule, 16 CFR Part 429). State law may give the Owner a longer period.

2. To cancel, the Owner signs, dates and mails or delivers the attached Notice of Cancellation, or any other written notice, to the Contractor at the address above, no later than midnight of {{cancellation_deadline}}. The Contractor shall give the Owner two copies of the Notice of Cancellation when this Contract is signed.

3. The Contractor shall not begin the Work before the cancellation period ends, unless the Owner, facing a bona fide immediate personal emergency, waives the right to cancel in a separate dated statement, written and signed by the Owner, that describes the emergency.

This Contract is executed in duplicate, with each party receiving one fully executed copy.

<strong>YOU, THE BUYER, MAY CANCEL THIS TRANSACTION AT ANY TIME PRIOR TO MIDNIGHT OF THE THIRD BUSINESS DAY AFTER THE DATE OF THIS TRANSACTION. SEE THE ATTACHED NOTICE OF CANCELLATION FORM FOR AN EXPLANATION OF THIS RIGHT.</strong>

OWNER:
Name: {{owner_fullname}}
Signature: {{owner_signature}}
Date: {{contract_date}}

CONTRACTOR:
Name: {{contractor_fullname}}
Signature: {{contractor_signature}}
Date: {{contract_date}}

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NOTICE OF CANCELLATION

Date of transaction: {{contract_date}}

YOU MAY CANCEL THIS TRANSACTION, WITHOUT ANY PENALTY OR OBLIGATION, WITHIN THREE BUSINESS DAYS FROM THE ABOVE DATE.

IF YOU CANCEL, ANY PROPERTY TRADED IN, ANY PAYMENTS MADE BY YOU UNDER THE CONTRACT OR SALE, AND ANY NEGOTIABLE INSTRUMENT EXECUTED BY YOU WILL BE RETURNED WITHIN TEN BUSINESS DAYS FOLLOWING RECEIPT BY THE SELLER OF YOUR CANCELLATION NOTICE, AND ANY SECURITY INTEREST ARISING OUT OF THE TRANSACTION WILL BE CANCELLED.

IF YOU CANCEL, YOU MUST MAKE AVAILABLE TO THE SELLER AT YOUR RESIDENCE, IN SUBSTANTIALLY AS GOOD CONDITION AS WHEN RECEIVED, ANY GOODS DELIVERED TO YOU UNDER THIS CONTRACT OR SALE, OR YOU MAY, IF YOU WISH, COMPLY WITH THE INSTRUCTIONS OF THE SELLER REGARDING THE RETURN SHIPMENT OF THE GOODS AT THE SELLER'S EXPENSE AND RISK.

IF YOU DO MAKE THE GOODS AVAILABLE TO THE SELLER AND THE SELLER DOES NOT PICK THEM UP WITHIN 20 DAYS OF THE DATE OF YOUR NOTICE OF CANCELLATION, YOU MAY RETAIN OR DISPOSE OF THE GOODS WITHOUT ANY FURTHER OBLIGATION. IF YOU FAIL TO MAKE THE GOODS AVAILABLE TO THE SELLER, OR IF YOU AGREE TO RETURN THE GOODS TO THE SELLER AND FAIL TO DO SO, THEN YOU REMAIN LIABLE FOR PERFORMANCE OF ALL OBLIGATIONS UNDER THE CONTRACT.

TO CANCEL THIS TRANSACTION, MAIL OR DELIVER A SIGNED AND DATED COPY OF THIS CANCELLATION NOTICE OR ANY OTHER WRITTEN NOTICE, OR SEND A TELEGRAM, TO {{contractor_fullname}}, AT {{contractor_address}}, NOT LATER THAN MIDNIGHT OF {{cancellation_deadline}}.

I HEREBY CANCEL THIS TRANSACTION.

Date: ____________________

Owner's signature: ____________________

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