Top

What Is Inefficient Risk Transfer? The Use of Indemnification in Construction Contracts

As a father of seven children, I am always being asked to determine the “responsible party” when something breaks, gets lost, or is simply missing. In parenting, there is no written contract between the adult and to child to transfer the responsibility for the loss or damage.

In construction, there should be a written contract to transfer the risk when you are stuck between a rock and a hard place.

Read More on Best Practices Construction Law