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§ 4-56-101. Attorney’s fees

(a) A provision in a promissory note for the payment of reasonable attorney’s fees, not to exceed ten percent (10%) of the amount of principal due, plus accrued interest, for services actually rendered in accordance with its terms is enforceable as a contract of indemnity. (b) This section shall apply only to notes executed from […]

§ 4-56-103. Reimbursement for taxes

(a) (1) If a contract requires one (1) party to reimburse another party for the federal excise tax imposed by 26 U.S.C. § 4081 or 26 U.S.C. § 4091, whether as a separate item or as part of the contract price, the reimbursing party at its option and notwithstanding contrary terms of the contract shall […]

§ 4-56-104. Hold harmless clause in construction contracts unenforceable — Definitions

(a) As used in this section: (1) “Construction” means any of the following services, functions, or combination of the following services or functions to construct a building, building site, or structure, to construct a permanent improvement to a building, building site, or structure, including sitework: (A) Alteration; (B) Design; (C) Erection; (D) Reconditioning; (E) Renovation; […]