10 CFR 719.33 – In what circumstances must the contractor seek permission from the Department to enter a settlement agreement?
Current as of: 2024 | Check for updates
|
Other versions
The contractor must obtain permission from Department Counsel to enter a settlement agreement if the settlement agreement requires contractor payment of $25,000 or more. Obtaining this approval does not represent a determination that the settlement amount and/or the legal costs incurred in connection with the underlying legal matter will be determined to be allowable.
Terms Used In 10 CFR 719.33
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.