As we discussed in a prior Alert, parties buying or selling a business must consider how to properly transfer the seller’s contracts to the buyer. Part 42 of the Federal Acquisition Regulation (“FAR”) addresses the contract...more
9/10/2024
/ Acquisitions ,
Assignments ,
Commercial Contracts ,
Competitive Bidding ,
Compliance ,
Federal Acquisition Regulations (FAR) ,
Federal Contractors ,
Mergers ,
Novation ,
Public Contracts ,
Successor Interests
In a prior Alert, we provided a high-level overview of the Anti-Assignment Act, which requires federal pre-approval for the sale of federal government contracts, often through a “novation agreement” signed by the seller,...more
9/1/2015
/ Acquisitions ,
Assignments ,
Due Diligence ,
Federal Contractors ,
HUBZone ,
Letters of Intent ,
Mergers ,
Novation ,
Public Contracts ,
SBA ,
Small Business ,
Veterans ,
Women-Owned Businesses
When selling a business, the owner must balance deal certainty, tax consequences, speed, regulatory clearances, third party consents and liability allocation. ...more