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
The National Labor Relations Board (NLRB) issued two decisions on December 17, 2019, that reversed p...
Read More >
On January 10, 2020, the Department of Justice and the Federal Trade Commission released for comment...
Read More >
As reported previously, in March of 2018, the UK Department of Work and Pensions issued a white pape...
Read More >
Today, the U.S. antitrust agencies announced a temporary suspension of the long-time practice of gra...
Read More >
Volatile trading markets and economic instability may prompt taxpayers to modify, purchase, or repur...
Read More >
A bill aimed at increasing protections for employer “wage theft” by allowing an employer’s curren...
Read More >