Indemnification and Hold Harmless Provisions in Business Agreements CLE

Indemnification and Hold Harmless Provisions in Business Agreements

November 2013

Indemnification and Hold Harmless Provisions in Business Agreements

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Teleseminars are midday continuing legal education conferences broadcast over the telephone. From the convenience of your office or home, you are able to dial into an 800 number, and hear nationally recognized practice leaders speak on important issues in the law. You are also able to ask them your

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Program Description:

Identifying, assessing and controlling risk - these are essential tasks of all business transactions. The risk may arise from unforeseen violation of a third-party contract or a violation of law, performance risk or some form of financial risk. A party at risk may agree to enter a transaction only if the other party agrees to hold them harmless from any damage or indemnify against one of the risks maturing into full-fledged liability. Indemnification agreements are intricate documents that carefully outline what risks are indemnified, what is excluded from the indemnity, and how claims for indemnification can be made. This program will provide you with a practical guide to the major elements of indemnification agreements and hold harmless provisions, including scope, exculpatory language, and procedural considerations.

- Understanding and drafting indemnification agreements

- Statutory and case law framework of indemnification

- Differences between first and third party indemnification - and implications for drafting

- Exculpatory clauses, allocation of costs and exclusions

- Enforceability, triggering indemnity and procedures for making a claim

- Reciprocal indemnification agreements

Faculty:

Keith J. Berets is a partner in the Broomfield, Colorado office of Cooley, LLP, where his practice focuses on transactions involving the acquisition, development and commercialization of technology. He counsels clients on, and crafted and negotiated agreements involving outsourcing, consulting, licensing, distribution, development and e-commerce. He also counsels clients on the intellectual property aspects of mergers, acquisitions, and financings. Mr. Berets received a BA from Pomona College and his J.D., cum laude, from the University of Wisconsin Law School.