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Allocating and controlling risks in commercial contracts
by Practical Law Commercial
Allocating and controlling risks in commercial contracts
by Practical Law Commercial
This note explains how clauses in a commercial contract may be used to allocate and control the parties' risk exposure. It discusses obvious clauses, such as limitations of liability and indemnities, and less obvious clauses like boilerplate provisions. This note also examines the contractual risks faced by parties in a subcontracting arrangement.
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