ASSIGNMENT OF OVERCHARGE CLAIMS. The Owner and Contractor recognize that in actual economic practice overcharges resulting from antitrust violations are in fact borne by Owner. Therefore, the Contractor hereby assigns to Owner any and all claims for such overcharges that may vest in Contractor during performance of the Project and for three (3) years after final acceptance. The Contractor in all subcontracts shall require all Subcontractors to likewise assign all claims for overcharges to the Owner.
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Samples: Northern Arizona University Standard Form Agreement, Form Agreement, Form Agreement
ASSIGNMENT OF OVERCHARGE CLAIMS. The Owner and Contractor Design-Builder recognize that in actual economic practice overcharges resulting from antitrust violations are in fact face borne by Owner. Therefore, the Contractor Design-Builder hereby assigns to Owner any and all claims for such overcharges that may vest in Contractor Design-Builder during performance of the Project and for three (3) years after final acceptance. The Contractor Design-Builder in all subcontracts shall require all Subcontractors to likewise assign all claims for overcharges to the Owner.
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