Purchase Agreement Components, Part 2: Indemnification Provisions
In an acquisition, particularly an equity acquisition, a buyer must perform extensive due diligence on the target company to understand, as thoroughly as possible, the risks associated with the acquisition. In most cases, however, the buyer cannot fully evaluate or even identify all sources of risk that it will assume post-closing. To address these uncertainties and allocate these potential risks, the buyer and seller negotiate indemnification provisions that set forth the scope of each party’s obligation to reimburse the other . . . Read More
Second Wave of COVID Relief Is Here: 3 Key Provisions Employers Need to Know
After months of deliberation and endless negotiation, Congress sealed the deal late Sunday night on a $900 billion COVID-19 economic relief package, finally delivering long-overdue help to businesses and individuals. While much of the relief seems to be an extension of benefits and rights afforded under the previously passed Coronavirus Aid, Relief, and Economic Security (CARES) Act in March, there are some notable variations that employers should be aware of. The following summary outlines 3 key provisions employers need to . . . Read More
Weekly Update for Government Contractors and Commercial Businesses – December 17, 2020
If you have questions concerning the content below, please visit this link. This is the last issue of PilieroMazza’s Weekly Update for 2020. We will resume the publication in the second week of January 2021. Please visit this link to view a holiday message from us to you. To access resources for businesses navigating the COVID-19 crisis, we invite you to visit PilieroMazza’s “COVID-19 Client Resource Center.” Contact covid19@pilieromazza.com for immediate assistance. GOVERNMENT CONTRACTS Key Provisions in the 2021 NDAA . . . Read More
Weekly Update for Government Contractors and Commercial Businesses – November 4, 2020
If you have questions concerning the content below, please visit this link. WEBINAR: Mergers and Acquisitions in Healthcare: Getting Your House in Order, November 11, 2020, Kathryn Hickey. Read more here. WEBINAR: The CARES Act: Highlights and Planning for the Future, December 16, 2020, Cy Alba, Nichole Atallah, Kathryn Hickey, and Matt Feinberg. RECORDING: SBA’s Final Rule on Mentor Protégé Programs: Key Changes for Government Contractors, October 28, 2020, Pam Mazza and Peter Ford. Watch here. Read PilieroMazza’s summary of . . . Read More
Weekly Update for Government Contractors and Commercial Businesses – October 22, 2020
If you have questions concerning the content below, please visit this link. WEBINAR: SBA’s Final Rule on Mentor-Protégé Programs: Key Changes for Government Contractors, October 28, 2020, Pamela Mazza and Peter Ford. Read more here. WEBINAR: Mergers and Acquisitions in Healthcare: Getting Your House in Order, November 11, 2020, Kathryn Hickey. Read more here. COVID-19 Client Resource Center: To access resources for businesses navigating the COVID-19 crisis, we invite you to visit PilieroMazza’s “COVID-19 Client Resource Center.” Contact covid19@pilieromazza.com for . . . Read More
Weekly Update for Government Contractors and Commercial Businesses – October 15, 2020
If you have questions concerning the content below, please visit this link. WEBINAR: Revisiting Executive Compensation and Employee Incentive Plans, October 20, 2020, Nichole Atallah and Kathryn Hickey COVID-19 has left many companies to balance competing responsibilities. While the primary focus is on taking care of employees and ensuring business continuity, new challenges are arising in appropriately managing executive compensation. This webinar will focus on achieving business goals through attracting, incentivizing, and managing employees. [Read More] COVID-19 Client Resource Center: . . . Read More
Is Your Arbitration Clause Leaving You Exposed?: 3 Ways to Protect Yourself
Arbitration clauses are included in many commercial contracts, particularly in government subcontracts. We often see arbitration clauses as tools to limit the parties’ exposure to protracted litigation if a dispute arises under the contract. Maryland, among many other state and federal courts, has an extremely strong public policy of favoring the enforcement of arbitration agreements. The Maryland Court of Appeals has explained that the “public policy favoring such agreements is understandable, as arbitration agreements are generally a less expensive and . . . Read More
Weekly Update for Government Contractors and Commercial Businesses – July 7, 2020
If you have questions concerning the content below, please visit this link. COVID-19 Client Resource Center: To access resources for businesses navigating the COVID-19 crisis, we invite you to visit PilieroMazza’s “COVID-19 Client Resource Center.” Please contact covid19@pilieromazza.com for immediate assistance. LABOR & EMPLOYMENT LAW DC Launches Paid Family Leave Program July 1—What Employers Need to Know, July 1, 2020, Nichole Atallah, Sarah Nash, and Sara Nasseri Employees in DC are now eligible for paid family leave pursuant to the DC Paid . . . Read More
BLOG: 5 Steps for Preserving and Preparing Your Miller Act Claim
As the United States economy continues to grapple with the unprecedented impact of the coronavirus pandemic, many contractors are concerned about making and receiving payment for work. The Miller Act provides the process for subcontractors to ensure they are paid for their work on federal construction projects, but they must be familiar with its requirements and deadlines to seek payment. This guide outlines five steps subcontractors and material suppliers should take to ensure they preserve their right to recover payment . . . Read More
FFCRA Leave Effective April 1: DOL Issues Additional Guidance
DOL has issued additional guidance to assist employers in providing Families First Coronavirus Response Act (FFCRA) emergency sick and family leave. We previously wrote on the FFCRA on March 18, 2020 (link). Below is important information to prepare for implementation this week. Will state or local isolation orders qualify an employee for FFCRA sick leave? It depends. Leave taken prior to April 1 regardless of the qualifying reason will not be eligible for FFCRA’s tax credit. However, if needed after April 1, an . . . Read More