Cadwalader, Wickersham & Taft LLP’s Post

Learn how Liability Management Transactions (LMTs) work, how to protect your lien position, and more. https://lnkd.in/gRA6PEjp #LoanAgency #LiabilityManagement

As Liability Management Transactions (LMTs) become more common among private companies, learn how they work, how to protect your lien position, and more. https://lnkd.in/gRA6PEjp #LoanAgency #LiabilityManagement

Partnership Did you know a partnership allows for shared decision-making and resources,but comes with joint liability? Learn more about how it works. Comment below to learn more! #SmallBusiness #BusinessStrategy

Commercial General Liability (CGL) coverage is important for any business. Here's why - https://lnkd.in/ehS92EW5

🛡️ Protect your business from legal risks with Management Liability coverage! Discover the types of coverage, the benefits, and how you can get a quote. Learn more at https://wix.to/YOEWEHr #RiskManagement #BusinessProtection #LegalCoverage

It’s been said— a #contract is a #contract is a #contract- yes there are peculiarities in every industry but the biggest mistakes we see in IT contracts creating exposure for your #business are time honored provisions related to downside risk to direct and third parties, scope of work, IT #standards, #compliance, and limitation of liability and #licensing. Other #key provisions include choice of law and forum, #indemnity , alternative #disputeresolution… and others. Business TIPs : •Whether you are the end user, #ChannelPartner or #MSP take time to review your #IT #contracts with a competent #legal professional. Your agreement with the Channel partner is not just about #licensing — pay attention to what the rights and premises are when something goes wrong and especially what the requirements are when you want out of the contract. • Insist that your #MSP or your #business customer/end user (as the case may be) walk you through the material terms of your #IT contract or #MSA Read the fine print and in the case of the business person carefully review your MsP’s scope of work (SoW) • Make sure you are not liable for third party claims— what’s that mean— many times third party claims arise from circumstances you had no knowledge, responsibility or control over.

Insurance Recovery Group’s John Ellison, Courtney Horrigan and Esther Kim authored a commentary in The Legal Intelligencer titled “Limiting Contractual Liability and Professional Services Exclusions in Liability Policies”. The lawyers discuss recent court decisions analyzing the scope of contractual liability and professional services exclusions that should be considered by policyholders seeking to maximize coverage for bodily injury, property damage, and securities claims. #policyholders #insurance #liabilitypolicies

A good reminder from John Ellison and team. It is very important to make sure these exclusions are limited. The goal is to avoid disputes with carriers and just have claims covered. When you have language like “based upon, attributed to, arising out of, in consequence of, or in any way related to” a contract/agreement or professional services, you give the carrier a lot of room to attempt to wiggle out of coverage.

Premises Liability in Texas Click the link to read more below. Resources: https://lnkd.in/gHBS9HBN #GreeningLaw #LawFirm #Blog

Premises Liability in Texas Click the link to read more below. Resources: https://lnkd.in/gHBS9HBN #GreeningLaw #LawFirm #Blog