X
30Jun

Walking the Tightrope: Liquidation Agreement “Traps for the Unwary”

When crafting a liquidation or “pass-through” agreement for a subcontractor claim against the government, the key provision from the prime contractor’s perspective is a release from any liability for the subcontractor’s claim with the exception of amounts recovered from the government related to that claim. If the release language is too broad, however, the agreement may provide the government a legal defense to the pass-through claim known as the Severin doctrine. The Severin doctrine prohibits...
By: Bradley Arant Boult Cummings LLP
Source Url: https://www.jdsupra.com/legalnews/walking-the-tightrope-liquidation-74892/

Related

New Overtime Rule to Impact 1.3 Million Workers

On September 24, 2019, the U.S. Department of Labor (DOL) issued its final overtime rule regarding t...

Read More >

Chris Lazarini Outlines Court Decision to Uphold Permanent Injunction Against Broker

Bass, Berry & Sims attorney Chris Lazarini outlined a court’s decision to uphold a permanent injunc...

Read More >

Demand For H-2B Visas Remains Higher Than Supply

The peak H-2B filing season opened on January 2, 2020, and by the next day the Office of Foreign Lab...

Read More >

[Video] Drugs & Partying: What Contractors Need to Know About Medical Marijuana and Office Parties

In this webinar, Jonathan Landesman and Anthony Bottenfield discuss two timely topics that construct...

Read More >

Employer’s Checklist for Terminating Employees – What To Do and What Not To Do

Arizona employers are often confused by the laws that govern employee terminations in this so-called...

Read More >

Recent Lawsuits Highlight Pressure Points In M&A Deals Negotiated Pre-COVID-19

The COVID-19 crisis is highlighting pressure points in pending M&A deals that were negotiated before...

Read More >