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When and How to Use Indemnification Provisions

presented by Lorman Education Services
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Summary

When and How to Use Indemnification Provisions

Workshop Description/Agenda

Benefits
Be able to expertly draft and negotiate indemnification provisions and understand how important these are when things inevitably go wrong. In entering into contracts almost every day, businesses of all sizes and in all industries frequently flip right past the indemnification, insurance and limitation of liability provisions as mere boilerplate. They fail to understand that these are risk allocation provisions that can be as important as price and other deal terms. Even if they know these provisions are important, many lawyers and contract managers dont understand the pitfalls and opportunities they present. This topic will help lawyers and nonlawyers alike understand more clearly how these provisions allocate the risks when things go wrong. With that perspective, you will be in a better position to draft and negotiate provisions that align with your business objectives, are clear to the parties, and will be enforced by the courts.

Agenda
Drafting and Negotiating Indemnification Provisions
ï General Purpose and Standards for Interpretation
ï Anti-Indemnification Statutes and Other Enforcement Issues
ï Defense and Attorney Fee Clauses
ï Cautionary Tale About Forms

Relationship With Insurance Provisions
ï How Indemnification and Insurance Provisions Can Affect Each Other, Including Whether an Indemnity Obligation Is Limited to What's Covered by the Required Insurance
ï Insured Contract
ï Additional Insured
ï Cautionary Tale About Careful Drafting

Relationship With Limitation of Liability Provisions
ï How Indemnification and Limitation of Liability Provisions Can Affect Each Other
ï Anti-Indemnification Statutes and Other Enforcement Issues
ï Sample Language

Faculty
Kenneth M. Gorenberg with Barnes & Thornburg LLP

Credits
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,NALA ,Additional credit may be available upon request.

Who Should Attend

This live webinar is primarily designed for attorneys. Other legal professionals may also benefit from attending.

Additional Information

Training Provider: Lorman Education Services

Course Topics: Law Training > General Law

Training Course Summary: When and How to Use Indemnification Provisions


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