Contracts
A Minnesota buyer is purchasing a new construction home from a builder. The builder's standard contract contains an arbitration clause and limitation of liability provisions. The buyer:
AMust accept all builder contract terms without modification
BCan negotiate the contract terms and should have an attorney review them before signing✓ Correct
CHas no protection since new construction is exempt from consumer protection laws
DCan simply walk away if they disagree with any term
Explanation
New construction contracts in Minnesota are negotiable documents, and buyers should have an attorney review and potentially negotiate builder contract terms before signing. Arbitration clauses, limitation of liability provisions, and warranty terms can significantly affect buyers' rights. While builders may resist changes to their standard contracts, buyers who understand their rights can often negotiate reasonable modifications.
Related Minnesota Contracts Questions
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