“Guide to Indemnification, Insured Contracts”
Construction Law 2015 07/31/15 By Kevin M. Long
Following is an excerpt:
Form contracts and invoices (often with microscopic type, riders and illogical attachments) are the bane of project managers and other construction professionals who just want to get the job done and be treated fairly - without spending all of a project's profit on contract negotiations.
However, indemnification provisions merit review on all projects regardless of size. In many situations, they are the most substantial provisions in a construction contract. The complete picture of exposure from indemnity provisions is not clear without an understanding of the "insured contract" provisions within insurance policies.
Originally published in Construction Law 2015, July 31, 2015
Originally published in Construction Law 2015, July 31, 2015