Josephine Bahn, Jeffery Mullen and Lawrence Prosen | Cozen O’Connor On January 1, 2023, “pay-if-paid” clauses in new contracts became void as against public policy and unenforceable as a result of Virginia Senate Bill 550 (SB 550) going into effect. See Va. Code §§ 2.2-4354 and 11-4.6. Moreover, pay-when-paid clauses in some public and private construction contracts were also… Continue reading Pay-If-Paid No Longer Enforceable in Virginia