Transactional Skills: Contract Preparation and Negotiating (What to Do — and What Not to Do) by Peter Siviglia

Author:Peter Siviglia
Language: eng
Format: mobi
ISBN: 9781531015367
Publisher: Carolina Academic Press
Published: 2019-09-30T21:00:00+00:00

(ii) may be liable for improper use of intellectual property owned by the third party claiming the infringement of its property, and

(iii) probably will incur expenses such as litigation costs, not only for claims by the licensee against the licensor (generally not covered by the law or the indemnity),1 but also for claims against the licensee by the third party claiming infringement.

But indemnities also partner with other kinds of breaches. As Mr. Jaggers (in Charles Dickens' Great Expectations) might say: Let me “put this case.” A real estate developer that does not have its own construction company will engage a contractor to perform the construction. If there are flaws in the construction, or if the contractor in performing its work causes damage to others, the indemnity will protect the developer against

(i) the cost to correct the errors,

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