Making Dollars and "Cents" of Key Contractual Payment Provisions and How State Law Can Impact your rights
Clauses that can affect your right to payment in different U.S. states
By Ashley Sherwood and Dan W. Ballesteros, Seyfarth Shaw LLP
Most statutory payment provisions fall into three categories (1) timing of pay- ment; (2) conditions of payment; and (3) bases for non-payment. This article discuss- es typical contractual clauses impacted by statute and provides examples on how state law may apply to your project and impact your rights. While not every payment-relat- ed issue or state law is covered in this article, contractors and subcontractors of all sizes and specialties should come away with a better understanding of what to look for in their existing contracts, and what to push back on during their next negotiation.
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