48 CFR 42.1204 - Applicability of novation agreements
| Cite as | 48 CFR 42.1204 |
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9 cases
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Karawia v. U.S. Dept. of Labor, No. 08CV5471 (HB).
...contracts, 41 U.S.C. § 15, and the United States need only agree to a novation agreement when it is in the government's interest. See 48 C.F.R. § 42.1204. ISI acknowledges that it sought a novation because its New York State business license was in jeopardy.20 (Hearing Tr. 20:2-11; 452:21-2......
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Nat'l Mall Tours of Wash., Inc. v. U.S. Dep't of the Interior, Civil Action No. 15-0529 (ABJ)
...the Government agrees to recognize the third party as the successor in interest to the contract pursuant to a novation agreement. 48 C.F.R. § 42.1204(a). However, the regulation further provides that "[a] novation agreement is unnecessary when there is a change in the ownership of a contrac......
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Omicron Safety & Risk Techs., Inc. v. UChicago Argonne, LLC, No. 14 C 2761
...Provision was standard language lifted word-for-word from the Federal Acquisition Regulations concerning novation agreements. See 48 C.F.R. § 42.1204(i) (setting forth model novation agreement that "[t]he responsible contracting offer shall use ... when [as here] the transferor and transfer......
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Raytheon Co. v. United States, No. 05-448C
...1268; PX 347. Mr. Christiansen testified that the AIS novation agreement, as signed, "was in the form prescribed by FAR § 42.1204(i), 48 C.F.R. 42.1204(i) (2002)." Tr. 1260-61.c. Daniel Dowd Raytheon presented the testimony of Mr. Daniel Dowd, a corporate cost analyst for the DCMA assigned ......
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3 firm's commentaries
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Requirements for Assigning and Transferring Government Leases
...to GSA before GSA will agree to sign the novation agreement. This novation process typically occurs post-closing and is governed by 48 C.F.R. § 42.1204. The first step is finalizing the form of novation agreement. GSA has a standard form of novation agreement, which can be found at 48 C.F.R......
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Recent Trends In Government Contracts M&A
...the assignor (transferor) and the assignee (transferee) on the standard form in the Federal Acquisition Regulation (FAR) 42.1204(i) (48 CFR 42.1204(i)). Under FAR 42.1204(a), the government will only approve a novation if the request “arises out of the transfer of — (1) All the contractor’s......
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PilieroMazza Legal Advisor - Fourth Quarter
...within the government’s discretion based on their finding of whether it is within the government’s interest. 48 C.F.R. § 42.1203(c); 48 C.F.R. § 42.1204(a). Government The regulations provide that if there has been an acquisition of “all [of ] the contractor’s assets” or “the entire portion......