A Washington, D.C. Attorney Helps With Your Novation Agreement
Learn More About Government Contracts and Awards
Government contractors are not allowed to sell or otherwise transfer their contracts except as permitted by law. When a government contractor desires to sell a contract it must obtain the government’s permission. The government’s permission is accomplished by a novation agreement. The Washington, D.C. contract attorneys at the Whay Law Firm can help.
What Is A Novation Agreement?
A novation agreement allows a government contractor to transfer its contract to another government contractor. It is a formal process required by the government. The required process includes the drafting of multiple agreements, opinions of counsel, certain financial information of the seller and buyer, as well as resolutions from the board of directors. The novation process is very exacting, and the novation can be delayed by many months if the novation request does not include all the appropriate documents. Talk to your attorney at the Whay Law Firm about creating a novation agreement package.
Why Do I Need A Contract Attorney?
Your attorney will help you create a compliant novation agreement package that meets all of the requirements. Your attorney can help you decide if a novation agreement is the right choice for your circumstances or if there are other options available to accomplish your goals. Please let us know if you have any questions. We are here to help you.
Call A Government Contract Attorney In Washington, D.C.
If you are interested in selling or buying a government contract, talk to an attorney at the Whay Law Firm today. Call a Washington, D.C. government contract attorney at the Whay Law Firm at (202) 448-9677 today.
