Limitation of Funds Clause Puts Bite in Termination Recovery
Client Alert | less than 1 min read | 12.30.13
In The Boeing Co. (Dec. 3, 2013), the Armed Services Board of Contract Appeals served a reminder of the risks Limitation of Funds (LOF) clauses pose for contractors, who normally must assure that funding on their contracts will be adequate not only for work underway but also for recovery of prime and subcontract costs in the event of a termination for convenience. The Board refused to allow recovery of costs incurred in excess of the funded amounts, holding that, if the contractor incurred costs in excess of the allotted funding, "it was a volunteer and did so for its own account."
Insights
Client Alert | 5 min read | 07.14.25
The European Commission issues competition guidance in the transport sector
On July 9, 2025, the Directorate-General for Competition within the European Commission issued two informal guidance letters, both intended to bring increased clarity on competition law compliance to companies in the transport sector.
Client Alert | 4 min read | 07.11.25
Client Alert | 7 min read | 07.11.25
President Trump’s “One Big Beautiful Bill” Makes Changes to Medicaid
Client Alert | 4 min read | 07.11.25
