# Cost of Completion Agreement
**This Cost of Completion Agreement** ("Agreement") is made and entered into as of [Date], by and between:
**Client:**
[Client's Name]
[Client's Address]
[City, State, Zip Code]
[Contact Number]
[Email Address]
**Contractor:**
[Contractor's Name]
[Contractor's Address]
[City, State, Zip Code]
[Contact Number]
[Email Address]
**RECITALS**
WHEREAS, the Client seeks to complete the following project ("Project"):
[Brief Description of Project]
WHEREAS, the Contractor agrees to complete the Project based on the terms set forth in this Agreement.
NOW, THEREFORE, in consideration of the covenants and promises contained herein, the parties agree as follows:
## 1. **Scope of Work**
The Contractor agrees to perform the work described in [Attachment A: Scope of Work], which is attached and incorporated by reference into this Agreement.
## 2. **Completion Timeline**
The Contractor shall complete the Project by [Completion Date]. Time is of the essence in this Agreement.
## 3. **Cost**
The total cost of the Project shall be [Total Cost], which is inclusive of all materials, labor, and other expenses necessary for the completion of the Project.
### 3.1 **Payment Schedule**
Payments shall be made as follows:
- **Deposit:** [Amount] due upon signing of this Agreement.
- **Progress Payments:** [Specify any additional payments due at specific milestones or intervals].
- **Final Payment:** [Amount] due upon Project completion.
## 4. **Change Orders**
Any changes to the scope of work or additional services requested by the Client must be documented in a change order and agreed to by both parties. Adjustments to the total cost will be made accordingly.
## 5. **Termination**
This Agreement may be terminated by either party upon [number of days] days' written notice if either party fails to perform any material obligation under this Agreement. Upon termination, the Client shall pay for all work performed up to the date of termination.
## 6. **Warranties**
The Contractor warrants that all work performed under this Agreement will be of good quality, free from defects, and in accordance with applicable laws and regulations.
## 7. **Indemnification**
The Contractor agrees to indemnify and hold harmless the Client from any claims, damages, losses, or expenses arising out of the Contractor's performance of the work, except to the extent caused by the negligence or misconduct of the Client.
## 8. **Dispute Resolution**
Any disputes arising under this Agreement shall be resolved through mediation before seeking any other form of dispute resolution.
## 9. **Governing Law**
This Agreement shall be governed by the laws of the State of [State].
## 10. **Entire Agreement**
This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements relating to the subject matter hereof.
## **IN WITNESS WHEREOF**, the parties hereto have executed this Cost of Completion Agreement as of the date first above written.
**CLIENT**
Signature: ___________________________
Name: [Client's Name]
Date: _______________________________
**CONTRACTOR**
Signature: ___________________________
Name: [Contractor's Name]
Date: _______________________________
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**Attachment A: Scope of Work**
[Detailed description of the work to be done by the Contractor]