Making Contracts Work for You – Part 4 – Contracts: Insurance Provisions

Insurance As transactional lawyers, we can already hear it — you know what insurance is. However, did you know that a promise to procure insurance for another party can sometimes equal an obligation to cover the loss the insurance would have provided if you don’t procure it? In other words, if you promise to insure [...]

Making Contracts Work for You – Part 4 – Contracts: Insurance Provisions2018-04-17T13:37:33-08:00

Making Contracts Work for You – Part 3 – Contracts: Indemnity Provisions

Indemnity Provisions Indemnity or “hold harmless” clauses are another way of allocating financial risk to a particular party in a transaction. Indemnity clauses require one party to bear the cost of certain risks defined in the contract, which can range from particular losses, lawsuits, or even non-conformance with prescribed warranties. Most commercial agreements should have [...]

Making Contracts Work for You – Part 3 – Contracts: Indemnity Provisions2018-04-17T13:41:14-08:00