Contractual Indemnities: Key Provisions and Best Practices

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. As a result, it is critically important that lawyers and their business clients work together to draft indemnification provisions that contemplate the risks inherent in their prospective projects and shift the risk of loss accordingly. This interactive program will address the critical factors that business owners, real estate developers, architects and general contractors must be aware of when drafting contractual indemnities.

Learning Objectives:

I.    Understand the types of claims typically covered and excluded by traditional indemnities

II.   Learn about the obligations of parties involved

III.  Understand drafting provisions to specifically cover certain types of losses

IV. Comprehend the interplay between contractual indemnities and insurance policies.