Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

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An indemnification provision serves as a contractual remedy to redress a party’s (or third party’s) financial loss suffered as a result of a claim, breach, or some other event or condition set forth ...

This article addresses potential issues and concerns, which may arise between General Contractors (“General”), Subcontractors (the “Sub”) and their insurers when claims by outside parties (also known ...

Although every business faces risks that can lead to business insurance claims or lawsuits, there are ways to protect yourself by making sure another party assumes the risk. Hold harmless agreements ...

Indemnification is used for risk allocation Indemnification may include defense obligation Indemnified party is entitled to reimbursement for covered losses Indemnification can be complex and heavily ...

Business executives often spend a considerable amount of time negotiating the contract terms they deem the most critical while others are merely glanced over. As such, monetary terms, warranties, lead ...

Q: I contacted a realty agent to sell my home and was asked to sign a listing agreement that contains this language: “Seller shall indemnify and hold harmless broker, broker’s agents, cooperating ...

QI am a property manager and have been asked by a small condominium association to represent it. During our negotiations over terms and conditions, I was advised that my contract would have to contain ...