How to effectively limit your liability
Limitation of liability clauses are a great way for parties to a contract to limit, manage or allocate risk between them.
If you see the word ‘indemnity’ in a contract – SEEK LEGAL ADVICE IMMEDIATELY
Indemnities are often treated like a ‘standard’ or ‘boilerplate’ contract clause, when they are anything but. If they are ignored or overlooked, you could be in trouble when something goes wrong. However, when used properly, indemnity clauses can help you to manage your risk when entering into an agreement.