Day: November 9, 2020

Limits of Liability Don’t Work for Indemnities

Contracting parties often debate whether the limit of liability should apply to indemnities. But few notice the problem. Even if the contract specifically says the limit applies to an indemnity … it doesn’t. The indemnity obligation remains unlimited. I’m serious. An Indemnity Is Just Another Obligation to Perform (in IT Contracts) Contrary to common belief, […]