Avoiding Key Risk Allocation Pitfalls Under Commercial Contracts | Practical Law
This Checklist provides key steps that transactional lawyers can take to avoid common risk allocation drafting pitfalls to achieve their legal and business objectives. Although not an exhaustive list of risk allocation mechanisms or issues, this Checklist covers several major pitfalls regarding termination, indemnification, statutes of limitation, sole remedy provisions, cumulative remedies provisions, consequential damages, monetary caps, warranties, pricing and payment risks and dispute resolution.