(1) A construction contract may not include any provision, covenant or clause that:
(a) Makes the contract subject to the laws of another state or that requires any litigation, arbitration or other dispute resolution proceeding arising from the contract to be conducted in another state; or
(b) States that a party to the contract cannot suspend performance under the contract or terminate the contract if another party to the contract fails to make prompt payments under the contract pursuant to ORS 701.620 to 701.640.
(2) Any provision, covenant or clause described in subsection (1) of this section is void and unenforceable. [2003 c.675 §58]
Note: See note under 701.620.Section: Previous 701.580 701.585 701.590 701.595 701.600 701.605 701.620 701.625 701.630 701.635 701.640 701.645 701.900 701.990 701.992 Next
Last modified: August 7, 2008