Asset Purchase Agreement & Government Contract Novation

As a government contractor, or company seeking to buy a business where federal contracts are involved, you must consider the various implications you face given the federal regulations governing novation law and the sale of a business and assignment of contract issues. There are various legal nuances involved with assignment and… Read more »

Governments Contracts Novation Agreement FAR 42.1204

Theodore P. Watson, Esq. ( Federal Novation of Contract Law Lawyer) Get a better grasp on how to prepare for the government contract novation process and increase your chances of getting the contracting officer to approve your novation agreement.  The bottom line with any sale of a business involving federal… Read more »

Mergers and Acquisitions of Federal Contractors

After federal contractors acquire government contracts, some of them seek an exit strategy structuring a merger and acquisition of the company. However, when compared to the traditional commercial practice, when there are existing government contracts involved, buyers and sellers should beware. If you are contemplating joining your company with a… Read more »

Small Business Mergers and Acquisitions

Avoid the Wrath of the SBA’s Present Effect Rule Many government small businesses make the huge step of merging with other companies for viable business reasons. However, when considering small business mergers and acquisitions impact, the  SBA’s “present effect” rule, the SBA considers agreements to merge (including agreements in principle) as… Read more »

Difference Between Teaming Agreement vs Joint Venture Agreement

The subtle difference between using a contractor teaming agreement vs joint venture is that a teaming contract essentially identifies the prime contractor and subcontractor relationship and discusses the roles of each to the government during the bidding and evaluation process.  by contrast, in a joint venture (JV) arrangement, the entity… Read more »