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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
The measure is standard practice for city employees who are also members of city’s retirement plan fiduciary committee.
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A hold harmless agreement releases a party from the consequences of another's actions. Learn how and when to use a hold harmless agreement in business.
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 ...