According to Black's Law Dictionary, indemnity is "a duty to make good any loss, damage, or liability incurred by another." It's possible to limit the scope of that duty during contract negotiations.

To paraphrase a valued client, “A contractor without a bond really isn’t a contractor.” Bonds certainly allow for the performance of governmental work and opportunities for private work. A payment ...

As much as this may stretch your imagination, as unlikely a scenario as it may seem, say you mess up. Big time. You left the barn doors of some commercial transaction open and not only are the cows ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

If you’ve heard of the term indemnity, you may be wondering, “what is indemnity insurance?” Indemnity is an agreement between two parties in which one party is responsible for compensating another for ...

A concrete company rented a pumper and was using it at a jobsite when a construction worker was struck and injured by the pumper’s hose. Claims were filed against both the concrete company and the ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Erie Indemnity sought to enjoin the Stephenson plaintiffs from proceeding, arguing that prior federal court judgments in the ...

Directors leave boards for a variety of reasons, including personal issues, the company’s financial situation, M&A, etc. While directors may have good reason to leave, doing so can leave them feeling ...