"Pay When Paid" not enforceable in North Carolina contracts

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"Pay when paid" clauses are enforceable in some jurisdictions, but not in North Carolina. This article discusses the statutory prohibition on such clauses in North Carolina.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Melissa Dewey Brumback, Ragsdale Liggett PLLC | Attorney Advertising

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