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 ...
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 ...
Plan sponsors should ask for indemnification clauses when they enter into contracts with service providers and retirement plan advisers, experts say. Indemnification clauses are promises by the ...
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 ...
If you are serving as an officer or director of a public company (or a large private company), it has never been more important to make sure that you have an aggressively protective personal ...
As a business owner, you need to be on the lookout for indemnification clauses in every agreement you sign, or you could be in for a surprise. Indemnification clauses are the language in a contract ...
Almost every oilfield services contract will contain some type of indemnity provision. Yet several oil-producing states—including Texas—have enacted statutory provisions that limit the scope of ...
Subcontractor default insurance (SDI) transfers subcontractor default risk to an insurance carrier, ensuring that the policyholder is reimbursed and enabling the work to be completed. Unlike ...
Sarah Biser, a partner at McCarter & English, writes that often, the party to a construction contract with the greater negotiating power will require contractors and subcontractors to provide an ...