The Prompt Payment Act requires agencies to pay interest on any invoices older than 30 days, but the question is, when does that clock start for most vendors?

As part of the DGA’s ongoing efforts to educate members on recent contract gains, in this installment we’re highlighting Payment to Directors for “Soft-Prep” Services. 2023 Basic Agreement “Soft-Prep” ...

Farmers are allowed to sell their crops in 2021 but contract for the payment to be received in 2022. These types of deferred payment contracts qualify for installment sale reporting for tax purposes.

As the economic crisis stemming from the coronavirus pandemic unfolds, it is ever more important that contractors and subcontractors protect their payment rights and avoid the risk of double payment; ...

Contracting with the Department of Defense (DoD) can provide healthy opportunities for businesses of all sizes. That said, it is no secret that contractors without the cash resources to finance their ...

For every good deferred payment situation we see with farmers there always seems to be about five bad ones. We got the following from a reader of the blog: “Some of my clients tell me that they have ...

The tax collection agency wants to make it easier to make payments via debit and credit cards, plus make the websites more accessible and user-friendly. The Internal Revenue Service has awarded two ...

The First Circuit upheld a district court’s holding that money allocated to a noncompete agreement was not for “personal goodwill” when a business’ sale agreement didn’t specifically identify it as ...

These agreements are pejoratively called TRAPs: Training Repayment Agreement Provisions. The new law is part of the ...

The most salient part of the 17-page local agreement can be found on page 9, article V, section 5.01, under the title PAYMENT OBLIGATIONS. It provides for a guaranteed minimum payment of $6.1 million ...