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 ...

Many Oklahoma businesses, general contractors, and energy operators were forced to abandon a common protection against liability for injuries sustained by the employees of their subcontractors: 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 ...

Many agreements involving stock or asset purchases contain indemnification clauses – that is, clauses under which one party to the agreement promises to indemnify the other party in the event of ...

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 ...

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 ...

Law and Emergency Medicine is a new feature that will be appearing regularly in Common Sense. Articles will focus on legal, regulatory, and political issues that affect emergency physicians. We need ...

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 ...

Contractual indemnification provisions provide an incentive to contract that often serves the interests of both parties. As a result, they are commonplace in all manner of commercial agreements. When ...