Pay-If-Paid Clauses Are Enforceable When Contract Is Governed By Out-Of-State Law, Highest N.Y. Court Rules.
Mondaq Business Briefing › Nbr. 2007, January 2007
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Summary
New York Prompt Payment Act of 2002 - MasTec Inc. - Travelers Casualty Company of Connecticut - Welsbach Electric Corp.
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Pay-If-Paid Clauses Are Enforceable When Contract Is Governed By Out-Of-State Law, Highest N.Y. Court Rules.
New York's highest court has provided a clear and guiding ruling on the application of pay-if-paid clauses in contracts governed by laws of other states. The ruling resolves the split in authority resulting from directly conflicting decis...
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