Indemnification provisions - Before you sign a contract, take time to understand indemnification clauses

June 01, 2016
As written in the June 2016 Smart Business News Magazine
By Isabelle Bibet-Kalinyak, Attorney, Health Care practice group, Brouse McDowell, LPA

Business executives often spend a considerable amount of time negotiating the contract terms they deem the most critical while others are merely glanced over.

As such, monetary terms, warranties, lead times, contract length, termination and noncompete covenants typically generate a lot more passion than indemnification or "hold harmless" clauses.

Smart Business spoke with Isabelle Bibet-Kalinyak, an Immigration and Health Care Corporate Attorney at Brouse McDowell, in order to better understand the purpose and importance of these technical provisions.

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