Virginia Joins 11 Other States Prohibiting Pay-If-Paid Clauses in Construction Contracts
Best Practices Construction Law
JUNE 15, 2022
In these tight times, you can understand how important payment provisions are to the parties’ transaction, particularly where costs are escalating and projects may stall mid-performance due to financing issues or owner-default. Does my state prohibit pay-if-paid clauses? North Carolina. South Carolina. One major lesson: WORDS MATTER.
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