Protect Yourself and Your Business with Indemnification Understanding
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Protect Yourself and Your Business with Indemnification Understanding
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Join attorneys Sarah Sawyer and Russell Berger from Offit Kurman as they discuss indemnification clauses in contracts. They explain what indemnification means, its implications, and the importance of carefully reviewing and customizing these clauses in various contexts such as employment, mergers, and acquisitions. Learn why these often-overlooked boilerplate sections in a contract could be key to understanding potential liabilities and protecting yourself in business dealings.
00:00 Introduction to Indemnification
00:28 Understanding Indemnification Clauses
01:05 Contexts and Limitations of Indemnification
01:48 Importance of Indemnification in Contracts
02:14 Risk Transfer in Employment and Construction
02:44 Key Takeaways on Indemnification
02:58 Conclusion