Remove Legal Remove Lien Remove Nevada Remove Subcontracting
article thumbnail

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

Best Practices Construction Law

Contractors have a means of shifting the risk of non-payment by the owner to its subcontractor by including a certain payment provisions in the subcontract agreement. Court of Appeals for the 4th Circuit concluded that a “pay if paid” clause in a subcontract was not ambiguous and, therefore, enforceable against the subcontractor.

article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

FOREIGN TRADE ZONES (FTZs): Secured areas legally outside of U.S. The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. legal services.

Income 75
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

legal services. Customs ports of entry where merchandise is considered legally outside U.S. CATALIST FUND: Nevada recently authorized the use of $10 million in general fund money to spur economic development through corporate expansions and relocations in Nevada. customized market research. training support.

Income 108