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 ...
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 ...
Indemnity clauses are an integral tool used regularly in energy contracts and master service agreements. Indemnity is an obligation by one party to make another whole for a loss or damage, and ...
Any contractor seeking bonding capacity, whether it be for public or private projects, will necessarily see a general indemnity agreement as a part ...
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 ...
Because data is essential in today’s economy, many contracts signed by businesses address the parties’ rights and responsibilities for data. Contracts commonly restrict the use of the data to only ...