LEGAL ASPECTS OF RENEGOTIATION

Authors

Charles W. Steadman, Ordnance Department; Cleveland Ordnance District; Price Adjustment Board of the Cleveland Ordnance DistrictFollow

Abstract

The Renegotiation Act which became effective April 28, 1942, was designed to eliminate and remove exorbitant profits from war contracts. No other recent statute has been the subject of so much controversy and misunderstanding. Since the beginning of renegotiation of contracts in the late summer and early fall of 1942, policies have been crystalizing and many interpretations of the act have been made, but many more questions as to its meaning must still be answered.

Recommended Citation

Charles W. Steadman, LEGAL ASPECTS OF RENEGOTIATION, 42 Mich. L. Rev. 545 (1944).
Available at: https://repository.law.umich.edu/mlr/vol42/iss4/2