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Indemnity-Clauses-in-Construction-Contracts.pdf

🔗 Source: civiclegal.com.au

📊 Size: 153 KB

👤 Author: sfq

⬇️ Downloads: 394

Summary

Indemnity clauses in construction contracts provide protection against loss or damage, and are prevalent because they offer greater protection than the ordinary law of negligence. These clauses require the indemnifying party to pay for loss or damage regardless of fault, and can result in the recovery of nearly 100% of legal costs. In the construction industry, a chain of indemnities typically exists, where the head contractor indemnifies the principal and passes this down to subcontractors. Indemnity clauses can be broken down into two components: the indemnity and the exclusion, and examples of these clauses vary, with some being more broadly operative than others. Exclusion clauses can qualify indemnity clauses, and may reduce the indemnifying party's liability, but the fairness and effectiveness of these clauses can vary.

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Description

Indemnity clauses in construction contracts provide protection against loss or damage, and are prevalent because they offer greater protection than the...

Technical Information

File Format: PDF
File Size: 153 KB
Pages: 3
Language: EN
Author: sfq
Total Downloads: 394
Last Updated: 3 weeks ago

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