General Contract Clauses: Indemnification (MO) | Practical Law

General Contract Clauses: Indemnification (MO) | Practical Law

A Standard Clause providing for unilateral or mutual indemnification and defense in a sale of goods or services transaction governed by Missouri law. This Standard Clause addresses the duty to compensate and defend for losses incurred, with optional hold harmless language, common exceptions to indemnification, notice of indemnification, control of defense, a liability basket, a liability cap, indemnification as a sole remedy, and indemnity payment adjustments for taxes and insurance payments. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.

General Contract Clauses: Indemnification (MO)

Practical Law Standard Clauses w-000-1851 (Approx. 30 pages)

General Contract Clauses: Indemnification (MO)

by Practical Law Commercial Transactions
MaintainedMissouri
A Standard Clause providing for unilateral or mutual indemnification and defense in a sale of goods or services transaction governed by Missouri law. This Standard Clause addresses the duty to compensate and defend for losses incurred, with optional hold harmless language, common exceptions to indemnification, notice of indemnification, control of defense, a liability basket, a liability cap, indemnification as a sole remedy, and indemnity payment adjustments for taxes and insurance payments. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.