What exactly does this mean; “Liens – Subcontractor (which is us in the case) agrees to satisfy, remove or discharge any lien or claim , at its own expense, by bond, payment or otherwise, within ten (10) days of the date of filing of a lien or claim. (This sounds like a circle and makse no sense to me) Can someone explain? Thank you.
This is No. 16 on a “Short – Form Subcontract Agreement”. We are the material supplier / installer on a project hired by the GC.
I do not understand this part of the agreement, and until I can explain it to our controller, she will not sign off on this Agreement.