1. Home
  2. |Insights
  3. |Option Exercise Not Fully Discretionary

Option Exercise Not Fully Discretionary

Client Alert | less than 1 min read | 08.29.06

Relying on CFC precedent, the GSBCA in Northrop Grumman Computing Systems, Inc. (June 26, 2006, http:// www.gsbca.gsa.gov/appeals/y1636726.pdf), reiterated that an agency by contract can restrict its normally unlimited discretion whether or not to exercise an option. In this instance, the contractor stated a valid case that the agency had violated its express duties to use its best efforts to gain funding to allow exercise of the option and not to buy other equipment to do the same job.

Insights

Client Alert | 7 min read | 09.08.25

California’s Climate Disclosure Laws Continue to Roll Forward

In 2023, California passed two landmark laws—SB 253, the Climate Corporate Data Accountability Act; and SB 261, the Climate-Related Financial Risk Act—that will require large public and privately-held entities doing business in California to comply with sweeping disclosure requirements regarding their direct and indirect greenhouse gas emissions and their climate-related financial risks. California subsequently passed SB 219, which updated certain deadlines and requirements of the laws (collectively, the “Climate Disclosure Laws”)....