Pay-if-Paid – A settlement stipulation that conditions payment to distributors and subcontractors. This if effectively worded, permits non-payment if the basic service provider is not paid by the owner.
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Pay-if-Paid – A settlement stipulation that conditions payment to distributors and subcontractors. This if effectively worded, permits non-payment if the basic service provider is not paid by the owner.
« Back to Glossary Index