Indemnification Clauses in Commercial Contracts (IL) | Practical Law

Indemnification Clauses in Commercial Contracts (IL) | Practical Law

A Practice Note discussing indemnification and defense provisions in commercial contracts under Illinois law. This Note defines indemnification and explains how parties often use indemnification to allocate risk. It discusses key issues including statutory and common law barriers to enforcement, defining the scope of the indemnity, limiting liability, and alternatives to indemnification. This resource includes drafting and negotiating tips.

Indemnification Clauses in Commercial Contracts (IL)

Practical Law Practice Note w-018-4633 (Approx. 25 pages)

Indemnification Clauses in Commercial Contracts (IL)

by Kenneth K. Dort, Faegre Drinker Biddle and Reath LLP, with Practical Law Commercial Transactions
MaintainedIllinois
A Practice Note discussing indemnification and defense provisions in commercial contracts under Illinois law. This Note defines indemnification and explains how parties often use indemnification to allocate risk. It discusses key issues including statutory and common law barriers to enforcement, defining the scope of the indemnity, limiting liability, and alternatives to indemnification. This resource includes drafting and negotiating tips.