Legal Landmines: Is That Contract You Found Online Leaving Your Company Vulnerable?
There is no “one size fits all” in the contract world because each circumstance has its own set of facts that must be considered when drafting an agreement, writes C. Lucas Beal for Hutchison PLLC of North Carolina and Georgia.
He warns that indemnification, limitations of liability and disclaimer of warranty clauses can have disastrous effects, if not properly drafted.
“Litigations have hinged on the inclusion of one word in the contract,” Beal writes.