Commercial agreements often contain indemnity provisions that seek to sort out the rights and responsibilities of the parties in the event of a casualty loss. But is the language used enforceable, and what remedies are available if a party fails to meet its indemnity obligations under the contract? And if an additional insured provision is included in the agreement, what steps can the parties take to maximize effective enforceability of the provision?
Thomas W. Taylor
The Association of Corporate Counsel (ACC) is a global bar association that promotes the common professional and business interests of in-house counsel who work for and whose primary responsibility is providing legal advice to corporations, associations and other private-sector organizations. Accordingly, the ACC Houston Chapter reserves the right to limit attendance at any of its Continuing Legal Education (CLE) events to ACC Houston Chapter members or non-ACC chapter member in-house attorneys only. If you are not an in-house attorney and wish to attend a CLE event, you may only do so, space permitting, if you are accompanied by an in-house attorney from your company or organization.
Credits: 1.0 Hours
Andrews Kurth Kenyon LLP