The indemnification clause is one of the most important provisions in a construction contract. It transfers risk from one party, the “indemnitee,” to another party, the “indemnitor.” The risk is ...

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 ...

A hold harmless agreement releases a party from the consequences of another's actions. Learn how and when to use a hold ...

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 ...

Indemnity clauses are included in contracts to provide a means by which the contracting parties can shift the responsibility of risk. “Indemnity clauses can expand, limit or even eliminate the ...

There is often an argument to be made that certain indemnification and exculpatory clauses should be against public policy. When entering into a residential lease, for instance, many future tenants ...

Business executives often spend a considerable amount of time negotiating the contract terms they deem the most critical while others are merely glanced over. As such, monetary terms, warranties, lead ...

It makes good business sense to enter into contracts carefully, ensuring that each aspect of the contract accurately details responsibility, deliverability and cost. Many contracts contain an ...