Williams Mullen: The Impact of Pay-if-Paid Clauses on Payment Bond Claims and Mechanic’s Lien Rights in Virginia

Editor Mauck, William R., Jr. Since 1995, Virginia courts have recognized the validity of "pay-if-paid" clauses (sometimes referred to as "pay-when-paid") in subcontracts. To be enforceable, the clause must clearly state that the general contractor's obligation to...