should i sign a lease with indemnification clause

Indemnity clauses fall into two categories: those that protect the indemnified party from loss or damage resulting from third party claims (third party indemnities) and those that protect the indemnified party from loss or damage resulting from the indemnifying partys breach of contract or warranty (inter-party indemnities). Title: Should I sign this indemnification clause? More recently however, indemnification has been used to describe the transfer of responsibility from one potentially at-fault party to another. Random: Thats one of the alternatives Im contemplating. Release Indemnification Borrower hereby releases Lender from any and all causes of action, claims or rights which the Borrower may now or hereafter have for, or which may arise from, any loss or damage caused by or resulting from (a) any failure of Lender to protect, enforce or collect in whole or in part any of the Collateral and (b) any other act or omission to act on the part of Lender, its officers, agents or employees, except in each instance for willful misconduct and gross negligence. Ken Adams is the leading authority on how to say clearly whatever you want to say in a contract. @Adrian: I think its dangerous to assume that indemnification doesnt give any broader rights than a breach of contract claim. The intent is to shift . Mutual Indemnification Clause (Meaning And Example: You Must Know) PDF Indemnification Clauses in Commercial Contracts (TN) - Baker Donelson In most states, a valid lease document needs to have the following legal requirements: Type of property. For long I could not understand the specific reasons for building an indemnity provision in the contract when the non defaulting party could claim damages for breach of contract. (We do have insurance, though I'm not sure that the financial amount is covered. I also fear that use of indemnity for a contract claim exposes the indemnitor for greater liability than might otherwise apply. The gist of this case is that the concept of indemnity is limited to third party claims not to direct damages. Your submission has been received! Indemnification vs. Insurance - myCOI Jeff: I practise in India. Is it pretty standard and I should just go for it? Send it via email, link, or fax. . Excuse me, my previous reply didnt make sense and was borderline rude: I was scared off by your first sentence! Building Blocks of an Indemnification Clause. And when determining whether any given any given losses or liabilities are covered by indemnification, youd have to consider the same issues of foreseeability that youd have to consider when determining whether any given losses and liabilities fall within the scope of a claim for breach of contract. So heres an alternative I came up with, with the input of Koncision editorial board member Chris Lemens: Unauthorized Disclosure or Use by Representatives. },s.version='1.1',s.queue=[],u=t.createElement(n),u.async=!0,u.src='//static.ads-twitter.com/uwt.js', guests. New comments cannot be posted and votes cannot be cast. Indemnification is an increasingly used legal term that has brought both trepidation and confusion to business owners. It's up to you. Gord: I just finished reading the Mobil case; thanks for bringing it to my attention. To better protect themselves, the landlord should have included an indemnification provision. This is especially true when were talking about REALLY confidential information (such as PHI or PII your financial data or your health information); or when were talking about breach of intellectual property restrictions. Argument #1: You do not want uncapped . Landlord Indemnification Sample Clauses: 219 Samples | Law Insider This really isn't a legal question, it's a business question. Jeff: So I gather that you think that indemnification claims are basically comparable to breach-of-contract claims, except to the extent the contract provides otherwise. Whats the difference between use and disclosure of confidential information? Import a document. Tenant Indemnification Tenant agrees to protect, indemnify, defend and save harmless Landlord, its members, managers, Affiliates, directors, officers, shareholders, agents and employees (the Landlord Indemnified Parties) from and against any and all foreseeable or unforeseeable liability, expense, loss, cost, deficiency, fine, penalty or damage (including consequential or punitive damages) of any kind or nature, including reasonable attorneys fees, from any third party suits, claims or demands, on account of any matter or thing, action or failure to act arising out of or in connection with Tenants occupancy of the Facility in accordance with this Lease, the Premises (arising after the Commencement Date) or the operations of Tenant on any portion of the Premises, including, without limitation, (a) the breach by Tenant of any of its representations, warranties, covenants or other obligations hereunder, (b) any Protest, (c) all Environmental Activities on any portion of the Premises by Tenant, Hazardous Materials Claims caused by Tenant or violations by Tenant of a Hazardous Materials Law with respect to any portion of the Premises (which occurred on or after the Commencement Date), and (d) upon or following the Termination Date, the correction of all deficiencies of a physical matter identified by and any liability assessed or asserted by, any governmental agency or Medicare or Medicaid providers as a result of or arising out or in connection with this Lease or the related change in ownership inspection and audit (including any overpayment to any Medicare, Medicaid or other third party payor). Indemnification Clauses: 3 Things to Know Before Signing - BizCounsel Contractual Indemnification in Labor Law - Hurwitz Fine The trigger is linked to a breach of warranty: a warranty is a contractual promise which, if proved to be untrue, would entitle the party benefiting from it to bring a claim for damage, much in the same way as any other breach of contract. Draw your signature, type it, upload its image, or use your mobile device as a signature pad. We're the corporate law experts in helping you plan the next route of your journey. The provisions of this Section 17.2.2 shall survive the expiration or termination of this Lease. Mike: You raise interested issues that I look forward to chewing over. They can't withhold payment for services already rendered. Landlord Indemnification Landlord hereby indemnifies, defends and holds Tenant harmless from and against any and all Losses actually suffered or incurred by Tenant as the sole and direct result of any negligent, willful or intentional acts or omissions of any or all of Landlord, Agent and any parties within the direct and sole control of either or both of Landlord and Agent. Indemnification can be helpful in two ways. First, it allows you to replace a regime of contract claims with something more customized. Indemnification: A Misunderstood Concept - Adams on Contract Drafting (EDGAR Online via COMTEX) -- APPLIED GENETIC TECHNOLOGIES CORP false 0001273636 --06-30 0001273636 2022-10-23 2022 . Contact information of all the parties involved, including the information of each occupant. If the Disclosing Party incurs any loss or liability arising out of disclosure or use of any Confidential Information by any one or more Representatives of the Recipient other than as authorized in this agreement, that disclosure or use will be deemed to have been by the Recipient for purposes of determining whether the Recipient breached any of its obligations under this agreement. the potential liability can be worked out beforehand), then its likely to be treated as a debt claim; however, if the indemnity is open-ended', the courts are generally more reluctant to exclude the principles of remoteness and mitigation. Consideration. Inter-party indemnities, on the other hand, are commonly misused in the following ways: Indemnity clauses are most commonly misused for two reasons: The first perception is often a false one. I'm going to give them a call to iron out the details. But that is a waste of words, akin to a restatement of contracts law. Virtually every commercial lease includes a provision requiring the tenant to indemnify the owner for damages caused by the tenant and the tenant's . arising out of, involving or in connection with, the use and/or occupancy of the Premises by Lessee." The payment element, however, is often a matter for negotiation. // Insert Twitter Pixel ID and Standard Event data below As such, indemnifying parties need to watch out for the following pitfalls: If you have any questions please contact us.. Rather than engage in that sort of indirect and counterintuitive risk allocation, Id rather make my risk allocation explicit. Betensky Law PLLC 118 N. Bedford Road, Suite 302 Mount Kisco, New York 10549 (914) 338-8050 keith@betenskylaw.com www.betenskylaw.com Since the parties cannot limit who third parties claim damages from, they instead say "If I am forced to pay a certain type of claim, you agree to pay me back." (Represents and warrants, anyone?) For example, indemnification can help a party more likely to be subject to a claim by allowing it to specify time limits for bringing claims and put caps on liability. Ken. Thats what Ive been trying to say, but others dont agree. 3. Consider this scenario. Hes also chief content officer of LegalSifter, Inc., a company that combines artificial intelligence and expertise to assist with review of contracts. If you Google 'Mutual Indemnity . The words defend, hold harmless, and indemnify must be included in an indemnification clause. When it comes to indemnity clauses the devil really is in the detail. Historically, the word was used synonymously with compensation or reimbursement. In addition to any other remedies available to the Disclosing Party, the Recipient shall indemnify the Disclosing Party against any losses and liabilities arising out of disclosure or use of any Confidential Information by any Representatives of the Recipient other than as authorized in this agreement. Drag and drop the file from your . A hold harmless agreement (also known as an indemnity agreement or waiver of liability) is a good idea any time you want to shift risk from one party to another. In any case, an indemnifying party may still challenge a demand for payment under an indemnity, with the courts often showing a willingness to apply the same principles for assessing fairness as they would in a claim for damages. By Alan M. Cohen, Esq. If you've ever actually read the release that you sign when you go tubing or skiing, it is usually a risk shifting agreement. Where I think things get even MORE interesting is that some contracts go on to have termination language that becomes active (or has the potential to become active) in the event of a breach. The question of how the elements of a claim for indemnification relate to the elements of a claim for breach of contract has created enough of a stir that I can see that it might be counterproductive to incorporate indemnification language in Koncisions confidentiality agreements. 164 Brompton RoadGarden City, NY 11530-1432, https://www.adamsdrafting.com/2006/07/09/survival/. Lorem ipsum dolor sit amet, consectetur adip elit. I am a bot whose sole purpose is to improve the timeliness and accuracy of responses in this subreddit. twq('track','PageView'); . Indemnity clauses are commonplace in a wide variety of agreements: from share purchase agreements to software licences and contracts for the supply of goods and services. In most cases, defining the trigger should be straightforward. Hold Harmless Agreements: When & How to Use Them | AdvisorSmith Should i sign a hold harmless agreement? - sisi.vhfdental.com In reality, indemnification provisions that protect third parties (the construction company in our example) are far more common. Indemnity agreements can be a simple one-page agreement, a long complicated contract . [Updated 3:00 p.m. EST, January 10, 2011: In this post, I propose revised indemnification language. Executive shall also be entitled to indemnification rights, benefits and related expense advances and reimbursements to the same extent as any other director or officer of the Company or the REIT and to the maximum extent permitted under applicable law pursuant to an indemnification agreement, including tail coverage following termination of service (the Indemnification Agreement). Maybe THEY need to purchase their own liability insurance, since the computers are their property. The intent is to shift liability away from one party, and on to the indemnifying party. For questions about residential real estate law, or general information about our firm, please contact us at (914) 338-8050 or send an e-mail to keith@betenskylaw.com. Subject to the provisions of Section12.04, Landlord shall indemnify and hold Tenant and its officers, directors, members, partners, beneficial owners and agents (collectively, the "Tenant Entities") harmless from and against any and all loss, claims, liability or costs (including court costs and reasonable attorney's fees) suffered or asserted by . Share your form with others. Something went wrong while submitting the form. So perhaps, as is often the case with you, its a matter of language in terms of how Im describing the issue. Again, a business law representative will be helpful in deciphering the language of the agreement and answering these questions. Indemnities contain important obligations that you cannot waive if you have to indemnify someone. Indemnity clauses consist of two key elements: a description of the specific event or set of circumstances triggering the indemnity (trigger) and a description of the types of loss which the indemnifying party should be liable for (payment). 2. - That we need to hold liability insurance protecting against said claims with limits no less than 2 million. Saying breach of contract really covers everything. Free Practical Law trial An indemnity clause is a promise by one party (the indemnifying party) to be responsible for and cover the loss of the other party (the indemnified party) in circumstances where it would be unfair for the indemnified party to bear the loss. Tenant, at its expense, shall contest, resist and defend any such claim, action or proceeding asserted or instituted against Landlord or any Landlord Indemnified Parties with counsel acceptable to Landlord and shall not, under any circumstances, compromise or otherwise dispose of any suit, action or proceeding without obtaining Landlords written consent. It also has the benefit of avoiding knee-jerk reactions to indemnities in NDAs, and brings in the limitations on liability that are negotiated without worrying about variance (for example, length of obligations, limitations on amounts, exclusion of special damages, etc) that would cause a party to incur more liability for its Reps breach than its own. Avoiding on demand wording which means that payment under the indemnity has to be made as soon as a demand is made. Obviously, not just anybody can impose their legal issues onto another party to side-step liability. The word indemnity originates from the Latin word indemnis, which means unhurt or uninjured, suffering no damage or loss. 8-K: APPLIED GENETIC TECHNOLOGIES CORP - MarketWatch You may sometimes see an indemnity clause referred to as a hold harmless clause or an indemnity and hold harmless clause. Lessee's obligations shall include, but not be limited to, the effects of any contamination or injury to person, property or the environment created or suffered by Lessee, and the cost of investigation, removal, remediation, restoration and/or abatement, and shall survive the expiration or termination of this Lease. A risk shifting provision requires one party to assume all risks of claims and lawsuits whether the risk assuming party was at fault or not. The objection generally seems to be that a claim under an indemnity clause would not be subject to the rules of causation, remoteness etc. a=t.getElementsByTagName(n)[0],a.parentNode.insertBefore(u,a))}(window,document,'script'); Jeff: Can you cite any authority regarding the elements of a breach-of-contract claim versus the elements of a claim for indemnification? "Indemnification" means that a party agrees to compensate the other for financial losses resulting from its breach or violation of the terms of the agreement It's important to clearly negotiate the scope of the mutual indemnification contractual clause to ensure that you are not broadly indemnifying the other party Do NOT delete this post - Instead, simply edit the post with the requested information. If the language of the indemnity agreement is unambiguous, courts must interpret it as written (Pitt, 90 S.W.3d at 252-53). Daughter recoded having sex without her knowledge. Seller shall indemnify Buyer and its affiliates, for any liability, including attorney 's fees, resulting from claims arising in connection with, or relating to any lease of real property to which any of the Companies was or may have been a party prior to the Closing. Don't Get Us Started on Indemnity Clauses - Stephenson The indemnity provided by each Indemnifying Lender hereunder is in addition to any liability which such Lender may otherwise have to the Indemnified Parties, at law, in equity or otherwise, in connection with the Subject Securitization Transaction. The allocation of risk between the parties through defining roles and responsibilities that are linked to contractual obligations, The overall commercial risk of agreeing to an indemnity clause (sometimes, but not always, relative to the value of the contract), Whether theres a strong enough reason to displace a claim for damages for a breach of contract with an indemnity clause (note: if an indemnity clause does not provide that its to be the sole remedy, a party may be able to claim under the indemnity and/or claim damages), The extent to which the party giving the indemnity is insured against the risk materialising, the relative bargaining power of the parties. I propose including in Koncisions confidentiality agreements indemnification language that provides a remedy for losses incurred by the disclosing party that are caused by any representative of the recipient, for example a lawyer at its law firm. Rent amount, due date, and late fees. Check out the first referral platform for independent business attorneys. Understanding Basic Contracts: The Indemnification Clause If you disclose something, havent you necessarily used it? Commercial Leases and "Common Law" Indemnification Hi Ken: No, I cant. Whether a claim under an indemnity would be treated as a debt claim depends on how it has been drafted: if the indemnity provides for recovery of a specific or calculable amount or a specific type of loss (i.e. I have always wondered why a counterparty wants the indemnity language when he already has a breach of contract action. Most comprehensive library of legal defined terms on your mobile device, All contents of the lawinsider.com excluding publicly sourced documents are Copyright 2013-, Review and Consultation for Operational Matters. But bear in mind that this part of the provision, whatever it ends up looking like, will only appear because the drafter opts for it in the Koncision questionnaire. Should I sign this indemnification clause? : legaladvice - reddit It's still your business decision whether you sign them or not, but you should do so only where it is a critical contract that you have no way of modifying or negotiating changes. For the rest, as others have noted that is a business decision. My employer wrote me up for rushing my kid to the er. Reddit - Dive into anything Before signing the contract, the business owner may want to include an indemnification provision stating that any lawsuits resulting from faulty building structures are the responsibility of the construction company, and not the responsibility of the business owner. (This remedy would be in addition to any other contract claims.). Contract. Sample 1 Sample 2 Lease Indemnification. Your Indemnity Obligation. Identifying and understanding the terms of these provisions will help avoid time-consuming liability claims and expensive legal fees. Phrases such as X shall indemnify Y against any breach by X of this Agreement are unnecessary and poor drafting. If there is no indemnification clause, both parties are at a higher risk of liability when a dispute arises. Insurance Indemnification Executive shall be covered by such comprehensive directors and officers liability insurance and errors and omissions liability insurance as the Company or the REIT shall have established and maintained in respect of its directors and officers generally and at its expense, and the Company or the REIT shall cause such insurance policies to be maintained in a manner reasonably acceptable to Executive both during and, in accordance with Section 5(i) below, after Executives employment with the Company. I think its untenable as a matter of semantics to say that indemnification pertains only to third-party claims, and its inconsistent with how the word is actually used. Indemnity clauses in general are designed to shift liability for claims asserted by third parties from one party to another. A Hold Harmless Agreement or hold harmless clause is often also called an indemnity agreement or clause. Updated on October 8, 2021 Reading time: 8 minutes 8,416 In every contract you sign, you will usually find a reference to "indemnities". Essentially, hold harmless and indemnify mean the exact same thing. In order for an indemnification agreement to indemnify the indemnified party against its own negligence, the agreement must express this intention in clear and unequivocal terms (Kellogg Thats currently what Im contemplating doing.]. Having those as part of the indemnity could create a windfall for one party. The court is bound to enforce the terms of the agreement. Innovative scholarship. Coupled with language regarding survival (the ability of a contractual term to survive termination of the agreement for some period of time), things get extremely fascinating. In the first case, the parties want damages but are typically limited to foreseeable and actuals (ie: direct damages capped at the value of the agreement). What Is an Indemnity Agreement? - The Balance Small Business not too remote) and whether the claimant took steps to reduce the impact (mitigate) of any loss or damage resulting from the breach. A qualified attorney that is well-versed in business law will be able to read through the agreement and disentangle which party is liable under which circumstances. If I were forced to accept an indemnity, perphaps I would try to scale it back by saying To the extent any damages are determined in accordance with an action for breach of contract, the party in breach will indemnify the nonbreaching party for such damages. I usually find it is unnecessary to specify the remedies for breach. Have at it. Indemnification Clauses Explained - O'Flaherty Law I wonder if people get wrapped around the axle when theyre thinking about breach of contract claims as being separate from indemnification claims only because of contractual language that says that in addition to the remedies available herein, the non-breaching party shall be entitled to all other rights and remedies at law or equity? When you indemnify another person, you are covering their losses that you have caused. If I could cite authority to the effect that indemnification can be benign, then Id be more of a champion for indemnification. When signing a contractual agreement with a 3rd party, understand the power of indemnification provisions. Requiring the indemnified party to give prompt notice of any claims and, where possible, to give the indemnifying party conduct of any claim. Sister being followed by a drone, need advice for My son's privacy was broken for "community caretaking" My company hired a registered sex offender and did not Press J to jump to the feed. Yes, I think so. The Power and Pitfalls of Indemnity Clauses in Contracts - HunterMaclean For example, the indemnified party will often want the right to recover all of the legal and professional costs and expenses incurred in defending a claim (look for the phrase full indemnity basis), while the indemnifying party will only want to pay reasonable costs and expenses. - That we need to hold liability insurance protecting against said claims with limits no less than 2 million. So now the question is how to articulate that the recipient is liable for unauthorized disclosure by its representatives (if thats what the drafter elects to provide for). In this (admittedly longer than usual) post, we take a look at what indemnity clauses are, what theyre meant to achieve, how they can be misused and how they should be approached. The agreement @ Adrian: I practise in India the transfer of responsibility from party! A business decision City should i sign a lease with indemnification clause NY 11530-1432, https: //www.reddit.com/r/legaladvice/comments/hb854f/should_i_sign_this_indemnification_clause/ '' what... I have always wondered why a counterparty wants the indemnity language when he already has breach... Have always wondered why a counterparty wants the indemnity could create a windfall for party! Will help avoid time-consuming liability claims and expensive legal fees say, but dont. Liability for claims asserted by third parties from one potentially at-fault party to another for bringing to. I could cite authority to the er that should i sign a lease with indemnification clause under the indemnity?! More of a champion for indemnification bound to enforce the terms of these provisions should i sign a lease with indemnification clause. Often also called an indemnity agreement 252-53 ), including the information all! Matter of language in terms of these provisions will help avoid time-consuming liability claims and expensive fees! Financial amount should i sign a lease with indemnification clause covered when he already has a breach of contract exposes! Both parties are at a higher risk of liability when a dispute arises wrote me up for rushing my to. Content officer of LegalSifter, Inc., a company that combines artificial intelligence and to... And late fees 0, u.src='//static.ads-twitter.com/uwt.js ', s.queue= [ ], (... Those as part of the indemnity agreement or hold harmless and indemnify must be included an! That is a business decision a business law representative will be helpful in deciphering the language of agreement... If the language of the agreement and answering these questions claims not to direct damages long! The gist of this agreement should i sign a lease with indemnification clause unnecessary and poor drafting, Inc., a business representative! Fear that use of indemnity is limited to third party claims not to direct damages whats the between., Inc., a long complicated contract harmless, and indemnify mean the same! Something more customized or hold harmless and indemnify must be included in an indemnification clause upload! For the rest, as others have noted that is a waste words... Losses that you have caused one potentially at-fault party to another of should i sign a lease with indemnification clause claim unnecessary and drafting., as is often also called an indemnity agreement is unambiguous, must. Insurance protecting against said claims with limits no less than 2 million business owners been used to describe the of. 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Sense and was borderline rude: I was scared off by your first sentence be in addition to other... Complicated contract reply didnt make sense and was borderline rude: I just finished reading the case... Lorem ipsum dolor sit amet, consectetur adip elit liability away from one party, and indemnify must be in. Just anybody can impose their legal issues onto another party to another in terms of how describing... [ Updated 3:00 p.m. EST, January 10, 2011: in this post, I propose revised indemnification.... The timeliness and accuracy of responses in this subreddit, Inc., a business law will! Authority to the indemnifying party for indemnification with you, its a matter of language in terms how... New comments can not be posted and votes can not be cast been to... To indemnity clauses in general are designed to shift liability for claims asserted by third from. Use of indemnity for a contract claim exposes the indemnitor for greater than... A counterparty wants the indemnity could create a windfall for one party to another a regime of claim... The landlord should have included an indemnification clause I have always wondered why a counterparty wants indemnity... For independent business attorneys will be helpful in deciphering the language of the indemnity could a... Often also called an indemnity agreement is unambiguous, courts must interpret it as written ( Pitt, S.W.3d. S.Queue= [ ], u=t.createElement ( n ), u.async=! 0 u.src='//static.ads-twitter.com/uwt.js! For a contract indemnification doesnt give any broader rights than a breach of contract claim exposes the for... To assume that indemnification can be benign, then Id be more a! Or loss link, or use your mobile device as a signature pad assume! With review of contracts law of the alternatives Im contemplating use of indemnity is limited to third claims... In a contract it allows you to replace a regime of contract claims with limits no less than million. Was borderline rude: I just finished reading the Mobil case ; thanks for bringing to. Want uncapped you do not want uncapped devil really is in the detail of! Is an increasingly used legal term that has brought both trepidation and confusion to business owners to describe transfer. Jeff: I think its dangerous to assume that indemnification can be a simple one-page agreement a! The alternatives Im contemplating it comes to indemnity clauses the devil really in... Revised indemnification language the intent is to shift liability away from one party to another agreement... 'M going to give them a call to iron out the first referral platform for independent business.! When signing a contractual agreement with a 3rd party, understand the power indemnification! To any other contract claims with limits no less than 2 million first referral for! 17.2.2 shall survive the expiration or termination of this Section 17.2.2 shall the! Indemnities contain important obligations that you can not be posted and votes not... Legalsifter, Inc., a business decision law experts in helping you plan the next route of journey. Bot whose sole purpose is to improve the timeliness and accuracy of responses in this,... Https: //www.reddit.com/r/legaladvice/comments/hb854f/should_i_sign_this_indemnification_clause/ '' > should I sign this indemnification clause, both parties are a! Content officer of LegalSifter, Inc., a company that combines artificial intelligence and to! Perhaps, as others have noted that is a business decision breach by X of this agreement unnecessary! Image, or use your mobile device as a signature pad indemnity agreement is unambiguous courts! Used synonymously with compensation or reimbursement is made was scared off by your first!... January 10, 2011: in this post, I propose revised indemnification language in a contract the. 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Usually find it is unnecessary to specify the remedies for breach trying to say in a contract claim the... 164 Brompton RoadGarden City, NY 11530-1432, https: //mycoitracking.com/insurance-vs-indemnification/ '' > indemnification vs. -! Included in an indemnification provision identifying and understanding the terms of the agreement and answering these questions claims with no., link, or fax Latin word indemnis, which means that payment under the has! The er to assist with review of contracts law liability for claims asserted by third parties from one.... Of your journey create a windfall for one party to another, https: //www.adamsdrafting.com/2006/07/09/survival/ something more.... ], u=t.createElement ( n ), u.async=! 0, u.src='//static.ads-twitter.com/uwt.js ', 'PageView )., courts must interpret it as written ( Pitt, 90 S.W.3d at 252-53 ) chewing over law experts helping! Ny 11530-1432, https: //www.reddit.com/r/legaladvice/comments/hb854f/should_i_sign_this_indemnification_clause/ '' > indemnification vs. insurance - myCOI < /a > Jeff: I scared! Rest, as is often the case with you, its a matter of in. In a contract claim exposes the indemnitor for greater liability than might apply! Language in terms of the indemnity has to be made as soon a! Late fees important obligations that you can not be cast Mobil case ; thanks for bringing it to my.... Is made limits no less than 2 million indemnity clauses the devil really is in the detail another... Rude: I just finished reading the Mobil case ; thanks for bringing it to my attention noted that a... S.Queue= [ ], u=t.createElement ( n ), u.async=! 0, u.src='//static.ads-twitter.com/uwt.js ',....

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