Don't Want a Setoff? Better Say It
Client Alert | less than 1 min read | 07.13.10
In Global Ship Sys., Inc. v Dept. of Homeland Sec'y (CBCA June 25, 2010), the board held that a settlement payment owed by the government could be offset against a debt owed by the contractor on a separate contract, even though the settlement agreement expressly required the CO to "request" that the payment be made to Global's designated bank account. More explicit language is required to overcome the government's general right of offset.
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Do you want your startup to expand and become a major player in your industry? If so, you will most likely need to seek capital from outside investors to help you build infrastructure and fulfill orders.
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Court of Federal Claims Provides a Roadmap for Adequate Rule-of-Two Set Aside Market Research
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