Link to "5-8.14 Novation Agreements" Link to contents for "5 USPS Supplying Practices Process Step 5: Measure and Manage Supply"      Link to "5-8.16 Change-of-Name Agreements"

5-8.15 Assignment of Claims

The supplier may assign money that will be due under a Postal Service contract to a single bank or other financial institution, with the approval of the CO (see paragraph b of Clause 4-1: General Terms and Conditions (July 2007). Any other attempted assignment may be treated as a breach of contract. COs may approve any authorized assignment that does not jeopardize contract performance. The assignment of claims discussed in this topic does not pertain to assignments ordered by a court or law. The CO should consult with Legal Counsel in such cases.




Link to "5-8.14 Novation Agreements" Link to contents for "5 USPS Supplying Practices Process Step 5: Measure and Manage Supply"      Link to "5-8.16 Change-of-Name Agreements"