Article Date: 09/06/11

"PAY-IF-PAID" CLAUSE MODIFIED BY CLAIM LIQUIDATION PROVISION

U.S. Court of Appeals for the Third Circuit

Sloan & Company v. Liberty Mutual Insurance Co.

No. 10-1725
August 1, 2011

Overview

A federal appeals court has ruled that an enforceable "pay-if-paid" clause in a subcontract was overridden by a claim liquidation, or sponsorship, provision. If the project owner failed to make final payment to the prime contractor within six months, ... Log in to view the full text.

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