X
15Jan

Nevada Supreme Court Finds That Pay-If-Paid Provisions in Construction Contracts Are Not Per Se Unenforceable Under Prompt Payment Act

Snell & Wilmer | | Return|
In October, the Nevada Supreme Court revisited the enforceability of pay-if-paid clauses in construction contracts. Despite being enacted nearly two decades ago and being amended several times since, the Nevada Prompt Payment Act still garners differing opinions regarding the enforceability of pay-if-paid clauses, which the Nevada Supreme Court held requires a case-by-case analysis. In broad terms, the Nevada Prompt Payment Act requires compliance with contractual terms of construction...
By: Snell & Wilmer
Source Url: https://www.jdsupra.com/legalnews/nevada-supreme-court-finds-that-pay-if-7465412/

Related

Third Circuit Analyzes Work for Hire and Assignment Requirements and Explains Why the Distinction Matters

When a judicial opinion refers to a “bitter feud”, a plaintiff “beset by acrimony”, and a “rock...

Read More >

Understand the Two-Edged Sword of Subsequent Remedial Measures

When an alleged hazard exists and causes a person to be injured, then maybe a business might think a...

Read More >

New Jersey Expands its Medical Cannabis Act to Include Workplace Protections

Prior to July 2nd, New Jersey’s Medical Cannabis Act lacked protections for employees’ off-duty me...

Read More >

TTB Adopts Grace Period for Beer, Wine and Spirits Wholesalers and Importers to Disclose Change in Ownership

On July 5, 2019, the Alcohol and Tobacco Tax and Trade Bureau (“TTB”) issued TTB Industry Circular...

Read More >

M&A pricing: completion mechanisms

One of the key issues to be addressed in M&A transactions is the determination of the purchase price...

Read More >