The Art of Holding Harmless: Indemnification Provisions in Supply Agreements and How They Differ from Warranty
An indemnity is a powerful risk allocation tool that deserves careful attention and a critical eye, both in terms of subject matter and administration, writes Kathleen Wergzyn for Foley & Lardner’s Manufacturing Industry Advisor.
She explains that a warranty and an indemnity are two different tools serving two different purposes.
The article discusses the breadth, duty to defend, and remedies related to indemnification and warranty.
