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Indemnity Clauses in Business Contracts
What is an Indemnity Clause? An indemnity clause in a business contract is where one party agrees to cover another contracting party for potential losses and/or damages caused by the party and/or claims made by a third party. Simply put,...
Smart Contracts in the Courts
Cryptocurrency trading and other forms of investment are enabled via smart contracts that execute themselves according to rules defined by code. But what happens if somebody finds a loophole and manipulates the rules to produce an unexpected result in their...
Should I include an arbitration agreement in my contract?
Frequently, commercial Parties will include arbitration agreements in a contract without much thought as to whether it is necessary or even a good idea. There are many things to consider before including an arbitration agreement in your contract. An arbitration...
‘Force Majeure’ Clause in Contracts with American Companies
The United Nations Convention on Contracts for the International Sale of Goods – The CISG – contains a Force Majeure clause and it is important to know about it if you have a contract with an American company where COVID-19...
