"The contractor can recover costs that it's incurred and profit on the work that it has performed," said Stephen Bacon.

It's irrelevant what the parties intended… it now has to be exactly and perfectly worded,' says lawyer discussing recent ...

Under the Federal Acquisition Regulation (FAR), most federal agency contracts must include a "termination for convenience" clause ... In one example, the official DOGE account on X posted earlier ...

As the Trump Administration’s tariffs are now in effect, owners, developers, and contractors managing pending construction projects face ...

The court analysed what constitutes an "irresistible factor" that would legally permit early contract termination. The judge ...

The Trump administration’s tariffs on US imports and the impacted countries’ retaliatory actions have major implications for companies and their commercial transactions. Counsel should understand the ...

But the government does seem to have canceled thousands of federal contracts on DOGE's ... Tillipman says termination for convenience clauses serve a legitimate purpose, especially as governments ...