Demystifying the Indemnity Clause
One hour
The indemnity clause is one of the most confusing clauses in the contract. It’s a challenge just to read through the entire section, let alone understand it!
This webinar will take you step by step through the indemnity clause and explain – in plain English – the meaning of the language and the important issues to consider. You will have an opportunity to read portions of several indemnity clauses from both the buyer’s and seller’s perspective. The goal of this webinar is to provide you with a greater understanding of the issues, the ability to discuss the issues with your attorney, and a higher comfort level.
Join this webinar to learn:
- The purpose of the indemnity clause
- It’s not just “legal”:
- It boils down to who is going to pay the money if something goes wrong
- Types of indemnity:
- General Liability/ IP Infringement/ Confidentiality Violations/ Breach of Contract
- Contractual/ First Party indemnity vs Third party indemnity
- Importance of the word “defend”
- The significance of Insurance to Indemnity
- Relationship between Indemnity and Limitation of Liability clauses
- Typical seller problems with buyer proposed indemnity clauses
- The amazingly easy fix acceptable to both parties
TAKE AWAYS:
- A better understanding of the purpose of the Indemnity clause
- Review of indemnity language
- The same language occurs over and over again
- Ability to discuss with Legal and Risk Management
- Answers to your questions
- Approaches to resolution
- You won’t believe the easy fix!
- Comprehensive PP slide deck for future reference
WHO SHOULD ATTEND? Procurement, Sales, Contract Professionals, and anyone involved with contracts
If you’d like to submit a question for discussion, please email leslie@inkthedealseminars.com, in advance
Leslie S. Marell
Attorney | Speaker | Developer | Author