New York is a big state with a lot of property changing hands, a lot of financing moving forward at fast clips, and a lot of paperwork being filed with county clerks. With so much going on, NY predictably created a complex system of laws relating to when, how and where closing papers such as […]
Category: new york mechanics lien
California Construction Lien, California Mechanics Lien, construction contract clauses, new york construction lien, new york mechanics lien, pay-if-paid clauses, pay-when-paid clauses
Pay if Paid v. Pay When Paid Clauses – Which is Which and Who Cares?
Over the last four years we’ve all had to deal with the funding crashes that followed the 2008 financial crisis. In those four years, many have also learned the difference between pay-if-paid clauses and pay-when-paid clauses. But what is the difference between the two, when should each one be used, and why should it matter […]