Terms to Know: Indemnity
An indemnity clause is often one of those “boilerplate” clauses that make a business owner’s eyes glaze over. This is a contractual...
Terms to Know: Punitive Damages
Unless there is fraud or egregious contract (and not just a breach of contract) you are also not entitled to punitive damages or pain and...
Terms to Know: Consequential Damages
Many contracts have a provision like this: NEITHER PARTY WILL BE LIABLE TO THE OTHER IN ANY EVENT FOR ANY SPECIAL, INCIDENTAL, INDIRECT...