Common use of ASSIGNMENT OF OVERCHARGE CLAIMS Clause in Contracts

ASSIGNMENT OF OVERCHARGE CLAIMS. The Owner and CM@Risk recognize that in actual economic practice overcharges resulting from antitrust violations are in fact borne by Owner. Therefore, the CM@Risk hereby assigns to Owner any and all claims for such overcharges that may vest in CM@Risk during performance of the Project and for three (3) years after final acceptance. The CM@Risk in all subcontracts shall require all Subcontractors to likewise assign all claims for overcharges to the Owner.

Appears in 6 contracts

Samples: in.nau.edu, Northern Arizona University, Risk Agreement

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