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Showing results for tags 'novation'.
Found 2 results
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I am looking for some guidance on the best way to handle a situation of a client: a company is considering a sale of one of its subsidiaries which is implementing Government contracts. The process of finding a suitor, sale and subsequent novation of existing work is likely to take a year or more. To continue maximizing commercial value, the company obviously does not want to stop bidding on new work while this whole process is going through. Questions: 1. Does the company have the responsibility to disclose in its bids that it is in the process of sale to another contractor? 2. In orde
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Company A is selling all of its assets to Company B. Novation agreements will be obtained for Government contracts. However, Company A wants to keep a CDA Claim on a contract where performance is completed but still open pending resolution of claims. Can Company A keep this one contract & litigate CDA Claim in its name, and still be eligible to novate all other contracts?
