Crime never pays, but you might have to.
As a business owner, you trust your employees to be honest. It’s therefore every employer’s worst fear to find out that an employee has been stealing from you. But what if then, that employee sues you, and your lawyer tells you that employee has a case?
How to effectively limit your liability
Limitation of liability clauses are a great way for parties to a contract to limit, manage or allocate risk between them.
If you see the word ‘indemnity’ in a contract – SEEK LEGAL ADVICE IMMEDIATELY
Indemnities are often treated like a ‘standard’ or ‘boilerplate’ contract clause, when they are anything but. If they are ignored or overlooked, you could be in trouble when something goes wrong. However, when used properly, indemnity clauses can help you to manage your risk when entering into an agreement.