Client Liability In Counterclaims

Summary

If an opponent wins a counterclaim, the client may be liable for damages and interest not covered by the firms indemnity or ATE insurance. Costs can vary based on the awarded damages and the extent of coverage. Its crucial to review your indemnity and ATE insurance details to understand potential financial responsibilities.

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Is that much money
It sounds like you're concerned about the financial implications of this clause. Generally, it means that you could be responsible for paying any damages and interest if the opponent wins a counterclaim, and these costs are not covered by the indemnity provided by the firm or the ATE insurance.
Do you have specific questions about the indemnity or ATE insurance coverage in your case?
Is the cost high
The cost can be high depending on the damages and interest awarded in the counterclaim, as well as the extent of the indemnity and ATE insurance coverage. It’s important to review the specifics of your case and the coverage details.
Do you have the details of your indemnity or ATE insurance coverage?