The limitation of liability is one of the most important clauses in a software license agreement because it limits the amount and types of damages one party can recover from the other party. For ...

It’s a new year, and if you are a business owner leasing space, this is the perfect time to pull out your lease agreement and review the insurance clause, especially the fire damage legal liability.

Choosing a contractor or a vendor is difficult for both consumers and businesses alike. Often, a written contract is required and the terms of the contract are rarely easily understandable by ...

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Because data is essential in today’s economy, many contracts signed by businesses address the parties’ rights and responsibilities for data. Contracts commonly restrict the use of the data to only ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Discover how exculpatory clauses relieve contract liability, their practical use cases, and the limits of their enforceability in agreements.

Indemnification is used for risk allocation Indemnification may include defense obligation Indemnified party is entitled to reimbursement for covered losses Indemnification can be complex and heavily ...