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January 29, 2019

Introduction

In the last article we discussed how indemnification clauses in contracts seek to protect one party from damages caused by another party. This picks up where the last one left off. Indemnification is basically a fancy wordy for reimbursement.

For instance, Party A Retailer sells a product made by Party B Manufacturer, that blows up in the face of Consumer C. C sues A & B. What happens if Party B Manufacturer “indemnified” Party A Retai...

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How Greedy Can You Be In a Penalty?

January 30, 2016

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