New York's Construction Pay When Paid Provision Loophole Closed
New York State’s Prompt Payment Act provides a potential workaround for the invalid pay-when-paid provisions that appear in construction contracts. The New York State's Appellate Division's decision in Bank of America v. ASD Gem Realty narrows, if not closes, that loophole.
New York United States Fair Court Gem Realty Blandford Land Clearing Corp York Appellate Division In Bank
Source: natlawreview.com