Negotiating Indemnity Clauses - Stewart McKelvey
Negotiating Indemnity Clauses - Stewart McKelvey
Negotiating Indemnity Clauses - Stewart McKelvey
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NEGOTIATING INDEMNITY<br />
CLAUSES<br />
<strong>Indemnity</strong> Baskets<br />
• "Deductible" – until a specified monetary threshold is met, no<br />
indemnification and thereafter, indemnifier only liable for the loss<br />
above the $ threshold<br />
• "Tipping Basket" – once the monetary threshold is met, the<br />
Purchaser is indemnified ifi d for the full amount of the loss<br />
72 2013 Construction Seminar<br />
© 2013 <strong>Stewart</strong> <strong>McKelvey</strong> all rights reserved
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