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Contractual Indemnities: Key Provisions and Best Practices

March 6, 2013

8:30am - 10:00am

Understanding contractual indemnification provisions is key to any business. The way these provisions are structured and the precise language that is used (and not used) will figure centrally into who will ultimately be responsible for a particular loss, and to what extent. As a result, it is critically important that lawyers and their clients work together to draft indemnification provisions that contemplate the specific risks inherent in the various commercial transactions in which they are engaged. This interactive program addressed the critical factors that all parties to commercial agreements must be aware of when drafting indemnification provisions. Experienced attorneys and experts discussed:

• The types of claims typically covered and excluded by traditional indemnities,
• Obligations of parties involved,
• Drafting provisions to specifically cover certain types of losses, and
• The interplay between contractual indemnities and insurance coverage.

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