X
17Jul

In California, It’s Time to Revisit Your "Pay-When-Paid" Contract Clause

Snell & Wilmer | | Return|
In California, the "pay-when-paid" contract language typically found in general contractor’s subcontractor agreement may no longer be enforceable. A contract provision requiring a subcontractor to wait until the general contractor concluded its litigation with the owner before it could seek payment on a payment bond was held unenforceable as against public policy in a recent appellate court decision, Crosno Construction, Inc. v. Travelers Casualty and Surety Company of America (2018) WL 4183622...
By: Snell & Wilmer
Source Url: https://www.jdsupra.com/legalnews/in-california-it-s-time-to-revisit-your-96449/

Related

Court Denies Petition to Vacate Arbitration Award Based on Judicial Estoppel

This case arises out of plaintiff John B. Napoleone’s failure to repay a sign-on bonus of $100,000 ...

Read More >

[Video] Accountability: At the Heart of Compliance-Boeing, Part 2-Accountability from Management

We have been getting accountability all wrong in the compliance profession. It's not a set of tasks ...

Read More >

Withholding taxes for supply service agreements: News regarding staff leasing

The new control mechanism on withholding taxes in private supply service agreements, recently introd...

Read More >

The Calm Before the Storm - Using Life Insurance to Replace Retirement Benefits After the Secure Act

For a long time, the game in retirement planning for income and estate tax purposes has been to maxi...

Read More >

Massachusetts Court Holds Statute of Repose Does Not Apply to Claims for Failure to Maintain Property

In Penn-America Insurance Company v. Bay State Gas Company, 96 Mass. App. Ct. 757 (2019), the Appeal...

Read More >

Employers Must Remain Immigration Compliant or Face Stiff Penalties, Negative Publicity, and Criminal Penalties

With the Trump Administration’s increase in employer immigration enforcement, businesses of all siz...

Read More >