Court highlights importance of understanding indemnity clauses

Many commercial real estate contracts – including purchase and sale agreements, loan documents, construction contracts, joint venture agreements, and commercial leases – contain an indemnity clause, which requires one party (the indemnitor) to compensate another party (the indemnitee) for certain losses. A recent decision by Maryland’s highest state court underscores the need to consider the …

from http://thedailyrecord.com/2017/08/31/court-highlights-importance-of-understanding-indemnity-clauses/

Author: Baltimore Checkbook

Best in consumer news and deals in Baltimore, MD.

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