Nevada Code § 40.667

Effect of written waiver or settlement agreement when contractor fails to correct or repair defect properly; conditions to bringing action; effect of failure to prevail in action
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1. Except as otherwise provided in
subsection 2, a written waiver or settlement agreement executed by a claimant
after a contractor has corrected or otherwise repaired a constructional defect
does not bar a claim for the constructional defect if it is determined that the
contractor failed to correct or repair the defect properly.
2. The provisions of subsection 1 do not
apply to any written waiver or settlement agreement described in subsection 1,
unless:
(a) The claimant has obtained the opinion of an
expert concerning the constructional defect;
(b) The claimant has provided the contractor with
a written notice of the defect pursuant to NRS
40.645 and a copy of the experts opinion; and
(c) The claimant and the contractor have complied
with the requirements for inspection and repair as provided in NRS 40.600 to 40.695 , inclusive.
3. The provisions of this section do not
apply to repairs which are made pursuant to an election to repair pursuant to NRS 40.6472 .
4. If a claimant does not prevail in any
action which is not barred pursuant to this section, the court may:
(a) Deny the claimants attorneys fees, fees for
an expert witness or costs; and
(b) Award attorneys fees and costs to the
contractor.

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