Description
Explore the controversies, issues, and legal rights and remedies surrounding pay when paid and pay if paid clauses.
Prompt payment is the lifeblood of every construction project. Delayed or missing payments are the harsh reality of many construction projects. Who bears this risk? The general contractor? Their subcontractors? This question often turns on whether the contractors subcontracts contain a pay if paid or a pay when paid clause, which are some of the most negotiated and litigatedarbitrated terms in construction subcontracts today. This course will explore the controversies and legal issues surrounding pay if paid and pay when paid clauses. This course will help those responsible for drafting and negotiating subcontracts to address pay if paid and pay when paid clauses in their dealings and those responsible for administering and enforcing subcontracts better understand the legal position in the event of a dispute.
Date: 2022-11-17 Start Time: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
* You will be able to identify pay if paid, and pay when paid clauses.
* You will be able to discuss different perspectives on pay if paid and pay when paid clauses.
* You will be able to review pay if paid, and pay when paid clauses.
* You will be able to recognize facts and circumstances that may defeat a pay if paid defense.