Construction Contract Indemnification
1 hour 5 minutes
Gain a better understanding of what indemnification terms mean in practice and how to identify and mitigate the risks.
Indemnification clauses are often a point of negotiation and litigation in construction contracts. Once the contract is signed, there is no going back – so understanding indemnification provisions and negotiating reasonable terms up front is paramount. Owners, general contractors, and subcontractors should understand the risks they are taking on when agreeing to indemnification provisions and how to draft enforceable terms. This course will provide an understanding of the different duties and obligations found in construction contract indemnification provisions. This material will focus on what indemnification terms mean in practice, how to identify and mitigate the risks unique to indemnification, and the statutory limits on the scope of indemnification obligations.
• You will be able to define various indemnification obligations in construction contract language.
• You will be able to discuss differences among different indemnification clause duties.
• You will be able to identify indemnification clause risks.
• You will be able to review and understand the implications of anti-indemnification statutes on the scope of indemnification clauses.