article thumbnail

The Real Lemon in the Bunch: Understanding Pay-If-Paid Clauses in Construction Contracts

Best Practices Construction Law

For example, in the Universal Concrete Products case, the 4th Circuit reasoned that Virginia courts favor the freedom to contract and that parties are freely able to negotiate and draft these types of provisions. However, in Thomas J. So, what should your contracts provide?

article thumbnail

The Real Lemon in the Bunch: Understanding Pay-If-Paid Clauses

Best Practices Construction Law

For example, in the Universal Concrete Products case, the 4th Circuit reasoned that Virginia courts favor the freedom to contract and that parties are freely able to negotiate and draft these types of provisions. It is worth the effort to seek legal advice on these issues prior to drafting and executing contracts with other parties.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

Program regulations are currently being drafted to include the expanded definition for “Advanced Manufacturers.” The terms are negotiated specific to each firm’s individual needs and situation with a maximum limit of 3% of Capital Expenditures. ” For more information, please visit this link. FINANCING .

Income 108