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Indemnification - Negotiating a Reasonable Clause
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This video addresses key risk allocation issues in a typical indemnification clause. We show how we would recommend redlining to revise an uninsurable indemnity clause under a professional insurance policy. Our revisions limit indemnity to third party tort claims and the damages from such claim only to the extent caused by the Indemnitor's willful misconduct or negligence. We also delete from the list of Indemnitees "agents and representatives" as being too broad. And we show other ideas as well.
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