My last article pointed out a situation where parties conflate contractual indemnity and damages clauses. The standard language in Dunce’s Caps’ contract provided for an indemnification of “any and ...
Despite their importance and prevalence in almost every sales contract, indemnity clauses are often poorly worded, overly broad, misunderstood and ignored. We see a lot of unnecessary legal spend ...
Skanska USA Building, Inc. v. J.D. Long Masonry, Inc., No. 1:16-cv-00933, 2019 BL 336852, (D. Md. Sept. 9, 2019) On September 9, 2019, a Maryland federal court ...
As used in website development contracts, indemnification typically concerns whether the vendor will defend you in court if you later get sued for your use of the technology, including Intellectual ...
Learn how indemnity protects against loss or damage in insurance and law. Discover key concepts, examples, and how it shields ...
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This story appears in the March 30 print edition of Transport Topics. Spurred by trucking industry leaders, more states this year are banning contracts that shift liability for any incident that ...
Risk allocation is a fundamental principle in commercial contracts. Each party seeks to minimize its risk while maximizing its reward. Often, the more one party’s risk decreases, the more the other ...
Contractual liability insurance pays for bodily injury or property damage that arises as a result of liability assumed by contractual agreement. This coverage is automatically included as part of a ...
Attorneys from McCarter & English and Frenkel & Company will discuss what to expect from contractual indemnification & how to be prepared in practice. Join attorneys from McCarter & English and ...
Indemnity insurance is a foundational component of modern risk management strategies, protecting individuals and organizations against the financial consequences of liability. This form of insurance ...
A Newfoundland court has cleared the way for Intact Insurance to chase a personal indemnitor - even after insolvency releases ...