Articles Tagged with Indiana contract law

Two people shaking hands over a contractThree 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 rights and duties in a contract for the sale and purchase of equipment. It consists of one sentence, long and difficult to follow, but typical as indemnification clauses go.

Business People, and Man and a Woman, Shaking Hands over ContractIndemnification 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 clauses.  By understanding these provisions, business owners can understand their rights, duties, and risks.

Let’s start with some definitions and then examine how the defined terms fit into an example clause.

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