Indemnification: Avoiding Common Pitfalls | Practical Law

Indemnification: Avoiding Common Pitfalls | Practical Law

A practice note examining common drafting and negotiating pitfalls relating to indemnification provisions in commercial contracts. This note provides guidance on how to avoid pitfalls regarding the scope of the indemnity, indemnification procedures, and interactions with other risk allocation provisions such as sole remedy, limitation of liability, warranties, and no third-party beneficiaries.

Indemnification: Avoiding Common Pitfalls

Practical Law Practice Note w-015-5317 (Approx. 14 pages)

Indemnification: Avoiding Common Pitfalls

by Practical Law Commercial Transactions
MaintainedUSA (National/Federal)
A practice note examining common drafting and negotiating pitfalls relating to indemnification provisions in commercial contracts. This note provides guidance on how to avoid pitfalls regarding the scope of the indemnity, indemnification procedures, and interactions with other risk allocation provisions such as sole remedy, limitation of liability, warranties, and no third-party beneficiaries.