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The Anti-Assignment Act, referring to both the Assignment of Contracts Act and Assignment of Claims Act, which prohibits the assignment of government contracts and claims, respectively,...
Tax laws vary among governments and countries. Jurisdictions often impose different income-based levies on enterprises than on individuals. Such systems of taxation vary widely, and...
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To print this article, all you need is to be registered or login on Mondaq.com. A unique aspect of doing business with the federal government is the built-in limits on a contractor's right to assign the contract or the right to payment under the contract to third parties. The Anti-Assignment Act (41 U.S.C. § 6305) prohibits the transfer of a government contract or interest in a government contract to a third party. An assignment of a contract in violation of this law voids the contract except for the Government's right to pursue a breach of contract remedies. What's ...
To embed, copy and paste the code into your website or blog: A unique aspect of doing business with the federal government is the built-in limits on a contractor’s right to assign the contract or the right to payment under the contract to third parties. The Anti-Assignment Act (41 U.S.C. § 6305) prohibits the transfer of a government contract or interest in a government contract to a third party. An assignment of a contract in violation of this law voids the contract except for the Government’s right to pursue a breach of contract remedies. What’s a contractor to do when it is acquire...