Three of our recent articles addressed allocating risk with business contracts. In this one, we expand on our earlier articles by focusing on techniques experienced business attorneys use to write better indemnification clauses. Use Defined Terms to Improve Readability Let’s start with the following clause setting out the basic indemnification…
Indemnification clauses are essential elements of business contracts that allow the parties to allocate responsibility for specific losses or claims. For Indiana businesses, understanding how indemnity works under Indiana law is vital for managing risks and reducing liability exposure. This article explores key indemnification terms and practical tips for analyzing…