Virtual Event
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FREE: GovCon 101 – Novations and Name Changes
June 26, 2023 @ 1:00 pm - 2:15 pm
Virtual Event
Free – $45.00Novating U.S. Government contracts may deserve its reputation for being arcane process: the paperwork and information that must be gathered can be daunting and the sequencing can be unintuitive for those more familiar with assigning commercial contracts. Add name change agreements — which serve a separate purpose but which are covered in the same subpart of the Federal Acquisition Regulation — and it can be hard to tell how and when to proceed. This class will cover novations and name changes, including:
- When to submit to FAR 42.1204 novation request, and when to submit a FAR 42.1205 change of name request;
- The basics of the novation and name change processes, including requirements, sequencing, and timing;
- How the novation and name change processes can fit into the overall restructuring or transaction;
- What to do with other corporate changes, like a statutory merger or an LLC conversion; and
- Common pitfalls in the process and steps contractors can take to try to avoid unnecessary delay.
Instructors: Carl Wiersum & Scott Freling, Covington