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

Rising Tides: MSHA Penalties Increase For 2020

No penalty is a good penalty, but many Department of Labor fines just got worse – including those t...

Read More >

Transaction Costs Webinar Series- Part One: What Are They and Why Does It Matter? (PowerPoint Slides)

Pepper Hamilton is launching a three-part webinar series on transaction costs. We will address the f...

Read More >

Coming to a Ballot Near You: Protect App-Based Drivers & Services Act

This November, Californians may get the chance to vote on a ballot measure that would address some o...

Read More >

M&T Settlement shows the problem of using proprietary funds

Plan sponsors with their proprietary funds have a unique problem. Using proprietary funds will lead ...

Read More >

IRS Publishes 2019 Required Amendment List for Individually-Designed Retirement Plans

The IRS recently issued its “Required Amendment List,” which contains the annual list of amendment...

Read More >

The Coronavirus and M&A Transactions: MAE Clauses

In late 2019, COVID-19 (more commonly known as the coronavirus) began to spread throughout mainland ...

Read More >