In this episode of Beers with Contractors, hosts Will and Terry sit down with Eric Daffern, an attorney specializing in construction law, to explore the intricacies of managing risk and legal pitfalls in the contracting business. Throughout this engaging conversation, Eric shares insights into essential legal practices for contractors, including establishing a robust team of professionals, meticulously crafting contracts, and leveraging the power of mediation. Practical advice on structuring operating agreements, navigating the lien process, and accommodating current industry trends also feature prominently. Additionally, Eric’s decades-long experience and personal anecdotes offer valuable lessons in balancing legal and business considerations to achieve long-term success.
00:00 Trailer
00:41 Guest Introduction: Eric Daffern
03:05 The Importance of Legal Advice
08:12 Setting Up Your Business Structure
19:25 Contracts and Legal Pitfalls
30:54 Understanding Change Orders in Contracts
31:20 The Importance of Written Agreements
32:05 Proactive Contract Management
32:23 Handling Quality Issues and Customer Satisfaction
34:36 Legal vs. Business Decisions in Contracting
35:59 The Role of AI and Online Tools in Contract Creation
38:52 Navigating Insurance and Legal Challenges
41:05 Litigation, Arbitration, and Mediation Explained
47:44 The Importance of Thorough Contracts
49:24 Current Trends and Future Challenges in Construction
50:43 Master Subcontracts and Market Volatility
55:56 Conclusion
Contact Eric Daffern at:
Website: https://www.daffernlawfirm.com/
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https://www.foundationrescuesupply.com/
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https://williamwalkerblake.com/store-1
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