Virginia Negotiating and Drafting the Merger Provision

State:
Multi-State
Control #:
US-ND1805
Format:
Word; 
PDF
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Description

This form provides boilerplate contract clauses that merge prior and contemporary negotiations and agreements into the current contract agreement. Several different language options are included to suit individual needs and circumstances.

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FAQ

The simplified acquisition threshold is raised from $250,000 to $750,000 for domestic purchases and $1.5 million for purchases outside the U.S. Agencies may use simplified acquisition procedures up to $13 million for purchases of commercial item buys. OMB Releases Guidance of Federal Contract Performance Issues Amid ... taftlaw.com ? news-events ? law-bulletins taftlaw.com ? news-events ? law-bulletins

4.804?4 Physically completed con- tracts. (2) The Government has given the contractor a notice of complete con- tract termination. (1) The Government has given the contractor a notice of complete con- tract termination; or (2) The contract period has expired. 4.804?5 Procedures for closing out contract files. Federal Acquisition Regulation 4.804?4 - GovInfo govinfo.gov ? CFR-2010-title48-vol1 ? pdf govinfo.gov ? CFR-2010-title48-vol1 ? pdf

purchase is defined by FAR 2.101 as an acquisition of supplies or services, the aggregate amount of which does not exceed the micropurchase threshold (MPT). Supplies: The MPT for supplies is currently $10,000. FAR 2.101 defines ?supplies? as property except land or interest in land.

FAR Subpart 13.5 provides special authority for acquisitions of commercial items exceeding the simplified acquisition threshold but not exceeding $7 million ($13 million for acquisitions as described in FAR 13.500(c)), including options.

Parts of merger and acquisition contracts ?Parties and recitals. ?Price, currencies, and structure. ?Representations and warranties. ?Covenants. ?Conditions. ?Termination provisions. ?Indemnification. ?Tax. What Are Merger and Acquisition Contracts? - Ironclad ironcladapp.com ? journal ? merger-and-acquisiti... ironcladapp.com ? journal ? merger-and-acquisiti...

Table of Contents Conduct Pre-Sale Due Diligence to Maintain Negotiating Posture. The Importance of Negotiating Position. Maintain Emotional Objectivity. Focus on Running Your Business. Keep Your Business on the Market. Avoid Deal Fatigue. The Importance of Honesty & Humility. The Importance of Communication Skills. A Guide to M&A Negotiating Tactics - Morgan & Westfield morganandwestfield.com ? knowledge ? negotiati... morganandwestfield.com ? knowledge ? negotiati...

TINA also applies to contract modifications totaling at least $2 million. Here's an unlikely scenario you should keep in mind: Your firm lands a government contract to perform $1.25 million of construction work. Because you're below the $2 million threshold, you push TINA out of your mind.

The Simplified Acquisition Threshold (SAT) is the dollar amount in federal acquisition represented by the anticipated award amount of a contract, under which contracting officers are directed to use simplified acquisition procedures to solicit and award the resulting contracts.

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Virginia Negotiating and Drafting the Merger Provision