Contract Documents Prepared by: Jewel F. Lapig and John Myron M.

Bihasa

Written Agreements When the specifications required to describe the material or property
The habit of making all agreements, orders, and instructions in writing being sold or the services to be rendered or both are relatively short, they
will avoid much confusion, many misunderstandings, and possible may be included in the contract proper.
litigation.
OFFER TO PURCHASE
Written Contract Forms
- must specifically cover all points which are necessary to meet the legal
requirements for a valid contract Madison, Wis.
- there should be included enough material to make quite clear just what April 8, 1955
is required of each party to the contract
- promises to be performed To: J. A. Read and Martha Read
- payments to be made should be listed in detail
The undersigned hereby offers to purchase your property together with
Contract by Exchange of Letters all improvements thereon, known as 322 Carroll Street, Madison, Wisconsin,
Suppose a letter is written asking for a price quotation; a return letter more particularly described as follows:
The South one-half of Lots 350 and 351 of the Plat of Sunset Village,
quotes a price; and a third letter accepts the quotation.
Third Addition, Town of Madison, Dane County, Wisconsin, and agrees to
Example:
BELOIT MANUFACTURING CO. pay the sum of Fourteen Thousand Dollars ($14,000) as follows: $200, which
1475 River St. has been paid for prior to the signing and delivery of this offer, an additional
Beloit 3, Wis. sum of $3,000 on or before five days from the date hereof, and the balance at
the closing and delivery of title set herein as May 16, 1955, subject to
June 14, 1955
delivery of abstract prior to such date to enable examination thereof prior to
Beloit Fuel Oil Co.
closing.
1563 Railroad St.
All taxes, including installments for special assessments for the years
Beloit 2, Wis.
prior to the current year shall be paid by the owners; taxes including
Gentlemen: installments for special assessments for the current year are to be pro-rated
Please quote us a price on No.2 fuel oil delivered to our storage tanks at between the owner and purchaser as of the date of final closing, based upon
our plant at the above address in lot sizes of not less than 5,000 gallons per the latest assessment. Taxes for subsequent years are to be assumed by the
delivery. Estimated annual requirements are for 35,000 gallons. purchaser.
Yours truly, Existing insurance policies are to be assigned to the purchaser and the
Beloit unearned premiums as of the date of possession refunded by the purchaser to
Manufacturing Co. the owner. All charges to the owner for utilities furnished at the property are
J. S. Bolton, to be paid for by the owner to the date of possession.
Purchasing Conveyance to be by Warranty Deed subject to any and all zoning
Agent ordinances, building and other restrictions imposed by law or ordinances and
all easements and restrictions of record affecting the property.
BELOIT MANUFACTURING CO. Purchaser to have possession not later than May 31, 1955.
1475 River St. This offer when accepted shall constitute the contract for the purchase
Beloit 3, Wis. of this property.
Upon acceptance, hereof the owner agrees within a reasonable time to
June 17, 1955
provide the purchaser at the owners expense evidence of title to said
Beloit Manufacturing Co. property to date free and clear of all liens and encumbrances except as above
1475 River St. mentioned in the form of a complete abstract, provided, however, that any
Beloit 3, Wis. mortgages shown on any abstract shall be cleared as of the date of closing.
Attention: Mr. J. S. Bolton, The purchaser shall have a reasonable time within which to examine the
Purchasing Agent abstract whereupon the transactions shall be consummated as above
Dear Mr. Bolton: provided.
In reply to your request of June 14th, we are pleased to quote you a
price of twelve and eight-tenths (12.8) cents per gallon for No.2 fuel oil ____________________________________
delivered to your storage tanks in lot sizes of not less than 5,000 gallons. ____________________________________
We are distributors for Stone Fuel Oil, which is nationally distributed Purchasers
and is refined under the strictest laboratory control. An added advantage for
Stone oil is that it contains the exclusive additive XM-57, which is a major The foregoing offer is hereby accepted this 8th day of April, 1955.
factor in keeping burners clean by preventing gum formation in oil-storage
tanks.
Prices for fuel oil are usually subject to change without notice; but if
you will place an order for your full requirements for the next year at this ____________________________________
time, we will guarantee the above-quoted rice until January 1, 1956, and ____________________________________
further guarantee that any price increase between January 1, 1956, and June
1, 1956, will not exceed two (2) cents per gallon. Should the market price for Owner
fuel oil drop, you will be allowed a corresponding reduction in price.
This quotation will remain in effect until July 17, 1955. Contracts Incorporating Specifications by Reference
We appreciate your asking us for a quotation and hope that you will When the specifications are of such nature that it is not convenient to
favor us with your business.
include them physically in the contract proper, they should nevertheless
Sincerely,
Beloit Fuel Oil Co. be made a part of the contract by a specific reference to them in the
contract proper.
R. O. Sanders,
Sales Manager
Complete Contract Documents
BELOIT MANUFACTURING CO. - prepared as clear, explicit, inclusive and in proper arrangement
1475 River St. - explained exhaustively all matters concerning the work and material
Beloit 3, Wis. - contain all covenants regarding supervision, conduct of the work,
June 21, 1955 responsibility of either party, payments, guarantees, and all specs
Beloit Fuel Oil Co. relative to be employed in its performance
1563 Railroad St. - contain the materials, supplies, and appliances to be furnished or used
Beloit 2, Wis. in the construction
Attention: Mr. R. O. Sanders, Sales Mgr.
Dear Mr. Sanders:
Please consider this as our order for our fuel-oil requirements from July
1, 1955, through June 30, 1956, subject to the terms of your quotation dated
June 17, 1955.
Our Mr. Robert Holden will notify you when deliveries of oil are
required.
Yours truly,
Beloit Manufacturing Co .
J. S. Bolton,
Purchasing Agent
Contracts & Specifications in One Document

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Contract Documents Prepared by: Jewel F. Lapig and John Myron M. Bihasa

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 CONTRACT

THIS CONTRACT entered into the 10th day of May, 1955, by and between John R. Roberts and Mary
Roberts of 422 Karen Court, Madison, Wisconsin, hereinafter called the "OWNERS", and George Mason, 346
Monona drive, Madison, Wisconsin, hereinafter called "CONTRACTOR",
WITNESSETH, That the Owners and the Contractor for the consideration hereinafter named, agree as
follows;
1. SCOPE OF THE WORK. The Contractor shall furnish all the materials and perform all the work necessary
for the construction of residence building and which material and work are shown in the Drawings entitled,
Residence for Mr. and Mrs. Roberts and dated 4/21/55, and in the specification set forth on FHA form #2005
addressed to John R. Roberts and dated 5/10/55, and shall do everything required by this agreement,
specification, and drawings.
2. TIME OF COMPLETION. The work to be perform under this contract shall be commenced by May 23,
1955 and shall be substantially completed by September 24, 1955.
3. THE CONTRACT SUM. The owners shall pay the contractor for the performance of the contract, subject to
addition and deduction hereinafter provided and subsequently to in writing, the sum of Seventeen Thousand
Two Hundred Fifty Dollar, ($17,250.00).
4. PROGRESS PAYMENT. The owners shall make payments on account of the contract as provided herein,
said payments to be equal to 90% of the total due the Contactor and to be made when information stated in
paragraphs (a), (b), (c) below is presented by the Contractor. Between the 1st and 15th days of each month, the
contractor shall present to the First National Bank of Madison, at its banking quarters, (a) a list showing the
quantity and price of materials incorporated in the works and materials suitably stored at the site thereof during
the previous month, together with paid invoices of the sellers thereof, or other information requested by the said
bank, (b) a receipted statement from each subcontractor setting forth the charges made by said subcontractor for
work perform under the contract during the previous month, (c) a statement showing names, address of each of
the Contractor's employees and the hours of labor of the contractor and the labor spent during the previous
month in performance of the contract.
5. FINAL PAYMENT. The contractor shall give written notice to the Owners and to The First National Bank of
Madison, that the work is completed and shall submit evidence satisfactory to The First National Bank in the
form of receipted bills for all materials furnished, waivers of liens from subcontractors, and in such other form
as may be required of said Bank that all payrolls, material bills and other indebtedness connected with the work
have been paid. The Owners and said Bank shall have the right and opportunity to make a final inspection of
said work and materials within ten days after receipt of notice f completion of the work, and evidence of
payments of all potential lien holders, and upon acceptance thereof by the Owner and said Bank payments shall
be made of the remaining balance due the Contractor. Such acceptance shall not be unreasonable withheld and
in the event of Owners or said Bank refuse to accept, the Owners shall within said ten day period notify the
Contractor n writing of such refusal and shall specify the reasons thereof. The Contractor shall within the next
ten days take appropriate steps to remedy any deficiencies set forth as reasons for refusal and upon completion
thereof shall be entitled to prompt payment of any remaining balance due him.
6. SETTLEMENT OF DISPUTES. In the event of any disputes arising here under as to whether the work
complies with the plans and specifications or whether payment is properly due and the same is not settled within
ten days, then either party may request that the dispute submitted for decision to three arbitrators, one of whom
shall be chosen by the Owners and one by the Contractor. The said two arbitrators shall choose a third arbitrator
and the parties shall proceed with the arbitration in accordance with the provincial of the Wisconsin Arbitration
Act.
IN WITNESS, THEREOF, the parties hereto have executed this agreement the day and year first above written.
Witnesses:
_________________________________________
_____________________________________ _________________________________________
Owners
_____________________________________ _________________________________________

_____________________________________ _________________________________________

Contractor

_____________________________________