Let’s talk about indemnification. In many contracts, there’s a clause that says if something goes wrong, you agree to cover the other party’s losses. That sounds reasonable until you realize it may not be mutual. Contact me for a contract review: admin@teilfirms.com If the clause only protects the other party, you could end up paying for mistakes you didn’t cause. A balanced indemnification clause is mutual — each party is responsible for its own actions or negligence. When reviewing a contract,
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THIS CLAUSE IS NEGOTIABLE- don’t let them bully you!!! Check your contracts now !! Typical Indemnification Language You Will See: “Party A agrees to indemnify, defend, and hold harmless Party B from and against any and all claims, damages, losses, liabilities, costs, and expenses, including attorneys’ fees, arising out of or related to…” Here is a mutual clause: Each party (“Indemnifying Party”) agrees to indemnify and hold harmless the other party and its officers, directors, employees, and age
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