Assignment of Contract and Novation Clause FAR 42.1204

Novating a contract that involves a federal government contract can be painless so long as buyers and sellers of businesses understand how the process works.  All should be aware that the contracting officer does not have to approve every novation of contract transactions under the FAR 42.1204 novation clause. Avoid the… Read more »

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… Read more »

Civilian Board of Contract Appeals CDA Claims 41 USC 7101 – 7109

Choosing the right forum and framing your appeals case correctly can save you thousands in unnecessary litigation costs. When a contracting officer denies a claim under the Contract Disputes Act, filing an appeal to the Civilian Board of Contract Appeals (CBCA) would be the next step. Not all claims appeal cases against… Read more »

Secretary of State SOS Colorado Business Filings

Starting a business in Colorado has certain filing requirements with the Colorado SOS (Secretary of State). Depending on the type of business, you must make sure that you follow the basic legal requirements. Failure to do so will mean that your business is non-compliant. This could mean exposure to personal… Read more »

CO Limited Liability Company Act & Colorado LLC Laws Basics

Understanding the Legal Nuances of the Colorado LLC Act Can Minimize Headaches and Costly Legal Mistakes With Colorado LLC Laws. Many start-up companies in Colorado elect the LLC business entity. However, failure to follow the basic statutory requirements can expose business owners to personal liability. Although easy to  start an… Read more »

CO Limited Liability Company Act & LLC Colorado Laws & Compliance

The Colorado Limited Liability Company Act has a wealth of information related to operating LLC’s. However, the following are only but a few of the basics that business owners should know. Without proper formation or compliance with the Colorado Limited Liability Company Act, your personal assets can be exposed to… Read more »

Colorado Limited Liability Company LLC Operating Agreement

Avoid Costly Legal Mistakes When Drafting Your Colorado LLC Operating Agreement  A limited liability company operating agreement helps business owners to form the company with documentation about the business relationships between the partners. Without it, many business owners find themselves involved in costly litigation due to an abuse of power… Read more »

Colorado LLC Laws — LLC Personal Liability Protection

LLC Personal liability protection is somewhat reduced under Colorado LLC laws when compared to other states. In 2012, the Colorado Court of Appeals “pierced the corporate veil” by deciding that business owners or corporations and limited liability companies are liable for personally responsible for business debts. See Martin v. Freeman, 2012… Read more »