Indemnity is one party’s promise to protect another party from loss. This is the first of two articles that will analyze key indemnity issues as they relate to IT contracts.
When negotiating a contract, the parties must agree upon which events will trigger the seller’s obligation to indemnify. The buyer may initially prefer that the seller indemnify against all losses arising from any seller act or omission. But this approach, even if achievable, may require a significant outlay of the buyer’s negotiating capital and can make the seller more cautious when it comes to negotiating other aspects of the indemnity or related liability-allocating provisions of the contract.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
