Remove Bankruptcy Remove Contract Remove Drafting Remove Legal
article thumbnail

#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. Otherwise all construction contracts would have such a clause, thwarting the lender’s statutory rights. Suffolk Construction Co. ,

article thumbnail

Hey Siri, Why Did You Settle That Case Without Me Signing?

Best Practices Construction Law

Remember that case where a court found that a string of text messages can form a binding contract ? While the case is certainly interesting and the holding appears to be novel, it appears consistent with traditional contract law principles. Lehman then sent the defendant the draft of a written settlement agreement.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Holidaymakers face six-month wait for travel refunds as airlines struggle to deal with colossal backlog of claims with £7billion owed to customers

Construction Test

The tycoon, whose family is EasyJet’s largest shareholder, is calling on the company to cancel a £4.5billion contract for 107 new Airbus planes. The Wall Street bank was initially drafted in to handle a possible bailout of Virgin Atlantic, but has been awarded a broader mandate covering the entire sector. . Consumer group Which?

Travel 26
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

The program offers three types of benefits: Transaction Privilege Tax Exemption – Exemption from transaction privilege tax on contracts for certain types of construction at an MRZ. State Preference Points – Enterprise Zone companies can earn preference points on state contracts. For more information, please visit this link.

Income 108