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We are a small business doing an excellent job on a Customs (CBP) contract as a sub. We have an outstanding $400,000 PO that the prime has frozen and refuses to pay. The reason has nothing to do with our performance on the contract with CBP. They ...
It appears from your question that the prime has breached its agreement with you by refusing to pay for work performed and paid for by the Federal Government. It is important to review your subcontract agreement for the CBP contract for potential legal leverage to this issue. For example: Does the contract provide for penalties/interest if the prime contractor fails to pay an invoice within a certain period of time? Does the contract provide for attorneys' fees to the prevailing party? If the prime realizes that it faces potentially more liability than just the $400k, it may reverse its improper tactics with your company.See question
I purchased a business 3 years ago. In my contract agreement it was the sale of an INC. I never recieved the Articles of Incorporation for the business. I looked it up with the state and local governments and have not found anything. I have contac...
The entire basis for a stock purchase agreement is the conveyance of stock in a legally formed corporation. Stock purchase agreements typically contain representations and warranties of the seller, which provide that the corporation is duly organized, validly existing, and in good standing to carry on its business in State X. Review your agreement with an attorney to determine if you have a claim for, among other things, breach of contract, indemnification and/or fraud.See question