Teaming Agreements Can Help Government Contractors Capitalize on Increased Defense Spending
In order to take full advantage of these opportunities from increased defense spending, companies must familiarize themselves with the legal regime that governs preliminary contracts in the industry. In particular, companies considering entering into a teaming agreement — often used to meet the multifaceted needs of a government contract — must understand their agreement’s enforceability and the obligations each party in the “team” incurs. Without this knowledge, companies might find themselves tied up in disputes over the requirements of a potential subcontract, which may delay the project’s completion and undercut its ultimate success.