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Sequestration: What Does It Mean for Federal Contractors?

Client Alert | less than 1 min read | 06.06.12

On July 12, 2012, Crowell & Moring will present the webinar, hosted by L2 Federal Resources, "Sequestration: Preparing for Unprecedented Cuts to Federal Spending." A panel of C&M attorneys with expertise in government contracts, public policy, and employment law will discuss the Budget Control Act of 2011, which establishes a process known as "sequestration" (automatic, across-the-board spending cuts to defense and non-defense accounts), scheduled to go into effect in January 2013, and will provide an overview of the implications of sequestration for contractors.

Insights

Client Alert | 4 min read | 08.13.26

Supreme Court Confirms Contractual Loss of Bargain Without Repudiatory Breach

English law has long treated the choice between terminating for repudiatory breach and exercising a contractual termination right as consequential. Under the Financings[1] causation principle, a party exercising a contractual right for a non-repudiatory breach could recover losses accrued to the date of termination — but nothing more. Loss of bargain was out of reach unless the breach went to the root of the contract. A practical workaround, confirmed in Lombard,[2] was to designate the relevant obligation as a condition, elevating any breach to repudiatory status, but that device carries significant strategic risk if the termination is later found to have been wrongful....