News & Analysis as of

Payment Terms

Rivkin Radler LLP

Exercised Appraisal Rights? Deferred Payment of Contingent Value? Don’t Forget Imputed Interest

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An Extension of Credit - When one person lends money to another, the lender expects the borrower to repay the loan by an agreed-upon time. In order to compensate the lender for the borrower’s use of the lender’s money (the...more

Hanson Bridgett

California to Implement Retention Cap and Change-Order Dispute Requirements for Private Works in 2026

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California is implementing two new laws for contracts entered into on or after January 1, 2026 for commercial and large mixed-use projects. Residential and mixed-use projects four stories and under are exempt....more

Blake, Cassels & Graydon LLP

Projet de loi 20 : Dépôt d’un régime de paiement rapide en Colombie-Britannique

Le 7 octobre dernier, le gouvernement de la Colombie-Britannique a déposé le projet de loi 20 à l’assemblée législative de sa province. Ce projet de loi met en œuvre des réformes très attendues qui visent à procurer davantage...more

Husch Blackwell LLP

Contractor Rights and Remedies in a Shutdown of Extraordinary Length

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The extended duration of the October 2025 shutdown, which will soon be the longest in history, adds a new level of uncertainty and pressure for federal contractors and subcontractors. Does the shutdown excuse the government...more

Clark Hill PLC

An Owner’s Checklist When Embarking on a Construction Project

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Even the most sophisticated owners can become overwhelmed when embarking on a new construction project. Whether the project is new construction or a renovation, any construction project is loaded with risks for the owner. ...more

Bennett Jones LLP

B.C. Introduces Prompt Payment Legislation

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On October 7, 2025, the Government of British Columbia tabled Bill 20, the Construction Prompt Payment Act, to enact prompt payment legislation for construction projects.  B.C. is the latest province in Canada to introduce...more

DLA Piper

Security of Payment: Sweden

DLA Piper on

What legislation or regulations govern security of payment in construction contracts? Sweden does not have a statutory framework specifically governing construction contracts between commercial parties. Instead, security of...more

DLA Piper

Security of Payment: UK and Ireland

DLA Piper on

The primary piece of legislation is the Housing Grants, Construction and Regeneration Act 1996, as amended by Part 8 of the Local, Democracy, Economic Development and Construction Act 2009 (the UK Construction Act)....more

Mandelbaum Barrett PC

Construction Contract Must-Haves

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Construction Contract Must-Haves - A successful construction project doesn’t just depend on skilled labor and good materials—it starts with the contract. A well-drafted construction contract sets expectations, defines...more

Vondran Legal

How to ACE your Pickleball Endorsement Agreement!

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Pickleball isn't just the weekend hobby your neighbors play anymore, it's blowing up! From local parks to sold-out arenas, it's now one of the fastest-growing sports in the United States. Courts are packed, tournaments are...more

Baker Donelson

Key Points in Commercial Real Estate Purchase and Sale Contracts: Negotiating the Payment of Purchase Price and Deposit

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In a multipart series, we're examining important points to consider when negotiating commercial real estate purchase and sale contracts from the perspectives of buyers and sellers. This first post in our series offers...more

Blake, Cassels & Graydon LLP

Reducing Dispute Risk in Construction Projects: The Role of Experts

Involving experts early and thoughtfully in construction projects is critical to mitigating disputes and achieving successful outcomes. Experts provide objective technical analysis, help translate complex data and enhance the...more

King & Spalding

New California Law Caps Retention for Private Construction Projects

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California has enacted Senate Bill 61 (“SB-61”), a significant piece of legislation that directly impacts owners and developers of private construction projects in the state. Signed into law on July 24, 2025, SB-61...more

Womble Bond Dickinson

California Supreme Court Clarifies Arbitration Waiver Rule: Not as Draconian as It Seems

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The use of arbitration clauses in employment and consumer-related contracts is ubiquitous. California law requires companies facing employment and consumer claims in arbitration to pay arbitration fees and costs within 30...more

Frantz Ward LLP

Ohio Legislature Makes Minor Revisions to Public Contracting Process

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House Bill 96, which is an operating appropriations bill, was passed by the Ohio legislature on June 25, 2025, and signed by Governor DeWine on June 30, 2025. The bill made a number of minor revisions to the requirements in...more

BCLP

HK Security of Payment Ordinance - New Rules Regarding Setting Aside and Enforcement of Adjudication Determinations

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On 11 July 2025, the Hong Kong Government gazetted the Construction Industry Security of Payment Rules (“Rules”). The Rules, made by the Chief Judge of the High Court under section 50 of the Construction Industry...more

Phelps Dunbar

You Can Pay Me Now, or…

Phelps Dunbar on

The Utah Court of Appeals delivered a significant ruling – including its length, approximately 12,500 words – underscoring the critical importance of adhering to contract provisions, particularly regarding payment terms in...more

Barnea Jaffa Lande & Co.

Get ready for quarterly account-settling between service contractors and service recipients in Israel

As we advised earlier, on January 1, 2024, regulations came into effect in Israel to increase the enforcement of labor laws (the wage components comprising the value of an hour of work by a contract employee) (“the...more

Hanson Bridgett

Protecting Your Bottom Line: Adjusting Supply Chain Contracts to Mitigate Tariff Impacts

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Recent shifts in international tariff policies have created significant uncertainty for US importers. As a buyer, revisiting your supply contracts now can help safeguard your business from unexpected costs and disruptions. ...more

BCLP

Payment Notices Under the Construction Act 1996, a Welcome Clarification

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In Placefirst Construction Ltd v Car Construction (North East) Ltd [2025] EWHC 100 (TCC), the Technology and Construction Court has shed welcome light on the payment notice requirements of the Housing Grants, Construction and...more

Mayer Brown

Legal Developments in Construction Law: February 2025

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1. COURT UNTANGLES CONSTRUCTION ACT PAYMENT NOTICE PUZZLES - A subcontract dispute required the court to rule on the validity of a payment notice, and a payless notice, under a JCT 2016 design and build subcontract, with...more

DarrowEverett LLP

Capturing the Sun: State Prompt Payment Acts' Effects on Solar Construction

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As the energy sector continues to expand, developers and contractors looking to expand their footprint are crossing state lines to construct energy projects. This is a good strategy for applying the same, successful...more

A&O Shearman

An almost plane-ful mistake - rectification vs interpretation

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In dealing with a series of intertwined contracts, the English High Court found that the correct interpretation of a contract meant that an airline had had its obligations to make overdue payments terminated but then...more

Fisher Phillips

Japan’s Sweeping New Freelance Act: What Employers Should Know + Your 6-Step Action Plan

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The first-ever law protecting freelancers and independent contractors in Japan came into effect on November 1, requiring businesses that do work in the country to review their workplace practices and adjust as necessary. The...more

Smith Debnam Narron Drake Saintsing & Myers,...

Understanding the Basics of a Construction Contract

Construction contracts are essential in the construction industry, governing the relationships and responsibilities of all parties involved in a project. Whether you’re a contractor, subcontractor, or property owner,...more

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