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Negotiations between businesses are all about managing risks because things can and do go wrong all the time. Looking ahead to potential problems means paying attention to your indemnity clauses.
Indemnity clauses can be tricky to navigate precisely because they’re long, complex and detailed. Don’t let that intimidate you. Here are the basics you need to examine first:
Sorting through the indemnification clauses in your agreements with suppliers, contractors, distributors and other business associates is a big job. It’s often wise to have an experienced eye review any potential agreements you’re about to make in order to best mitigate your risk of litigation.
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