Contractual indemnification clauses are among the most overused and misunderstood rights that parties argue over and negotiate for. Although nothing in Illinois law prohibits parties from specifically ...

A court of appeals recently held that an indemnity agreement between an operator and a contractor placed the burden on the contractor to indemnify the operator for the operator's third-party indemnity ...

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 ...

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 ...

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 ...

Contracts underpin all business relationships. Businesses frequently enter into agreements without fully grasping the legal ...

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 ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

The Dibrino case clarifies that indemnity and additional insured coverage are separate and governed by different standards. Indemnity requires a direct link to a subcontractor’s scope of work, while ...

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 ...