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Indemnity Contract Key Points
Summary
Indemnity contracts in New Jersey should clearly define the scope of liabilities, risk assumptions, and include attorney fees. Ensure the covenant not to sue is enforceable and complies with state laws. Broad inclusivity and severability clauses are standard but must align with New Jersey regulations. Review these elements carefully to understand their impact.Full Conversation
contract review
Hi Emilio! I'd be happy to help with your contract review. Could you provide a brief overview of the contract and any specific concerns or clauses you need assistance with?
indemnity contract
Hi Emilio! When it comes to indemnity contracts in New Jersey, it's important to pay attention to the following key aspects:
- Definition of indemnity and scope of coverage.
- Specific obligations and responsibilities of each party.
- Limitations or exclusions of liability.
- Duration and termination clauses.
- Governing law and dispute resolution mechanisms.
Do you have any specific clauses or concerns you would like to discuss in more detail?
- Definition of indemnity and scope of coverage.
- Specific obligations and responsibilities of each party.
- Limitations or exclusions of liability.
- Duration and termination clauses.
- Governing law and dispute resolution mechanisms.
Do you have any specific clauses or concerns you would like to discuss in more detail?
For good and valuable consideration, the receipt and sufficiency of which being acknowledged for it and its officers, employees, agents and members, Indemnitee does hereby agree, irrevocably, as follows:
*. To indemnify and save and hold harmless M.C.K. from and for, any and all liability, claims, suits, proceedings, demands, losses, damages or expense of any name or nature, including administrative orders and proceeding and arbitration, which M.C.K. sustains or incurs, including all claims regarding property loss, personal injury or death, resulting in any way, or in any manner connected with Indemnitor’s adoption of a dog hereinafter referred to as “PET” identified by M.C.K. Id Number and name, __________________, and Microchip Number ______________________.
Hi Emilio! Here are some key points to consider in your indemnity contract under New Jersey law:
- Ensure the indemnity clause clearly outlines the scope of liabilities covered.
- Verify the enforceability of the covenant not to sue.
- Confirm that the microchip clause complies with animal control laws.
- Review the requirement for address updates for any legal implications.
Do you have any specific concerns about these clauses?
- Ensure the indemnity clause clearly outlines the scope of liabilities covered.
- Verify the enforceability of the covenant not to sue.
- Confirm that the microchip clause complies with animal control laws.
- Review the requirement for address updates for any legal implications.
Do you have any specific concerns about these clauses?
*. Indemnitor assumes full risk of any loss, injury or damages whatsoever occurring caused by or related directly or indirectly to PET upon or after transfer of PET to Indemnitor.
*. This right of indemnity shall include attorney fees and any and all civil or administrative defense costs as incurred.
*. This Agreement is also a covenant not to sue M.C.K. for any cause or matter referred to herein and Indemnitor agrees that the provisions contained herein are intended to be as broad and inclusive as permitted by laws of State of New Jersey and if any portion hereof is held invalid, it is agreed that the balance shall, notwithstanding, continue in full force and legal effect.
Emilio, here are some points to consider regarding the indemnity and hold-harmless agreement under New Jersey law:
- Indemnitor's full risk assumption is standard, but ensure it's clearly understood.
- Attorney fees inclusion is typical, but verify the scope is reasonable.
- The covenant not to sue should be explicit about its enforceability.
- Broad inclusivity and severability clauses are standard, but check for compliance with New Jersey law.
Do you have any specific concerns about how these clauses might impact you?
- Indemnitor's full risk assumption is standard, but ensure it's clearly understood.
- Attorney fees inclusion is typical, but verify the scope is reasonable.
- The covenant not to sue should be explicit about its enforceability.
- Broad inclusivity and severability clauses are standard, but check for compliance with New Jersey law.
Do you have any specific concerns about how these clauses might impact you?
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