How to Contract
How to Contract
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Comparing Limitation of Liability to Indemnity Provisions in Contracts
Understanding Limitation of Liability vs. Indemnification Provisions in Contracts
In this episode, we explore the key similarities and differences between limitation of liability and indemnification provisions in commercial contracts. We discuss how vendors and customers approach these clauses based on their likelihood of causing or suffering damages, and why there is no one-size-fits-all answer. Additionally, we delve into why limitations of liability are more commonly referred to in B2B transactions compared to indemnities and how they help inform business risk management and decision-making. Join us to gain a deeper understanding of these essential contract components.
00:00 Introduction to Liability and Indemnification
00:51 Comparing Vendor and Customer Approaches
01:44 Balancing Liability in Transactions
02:54 When Liability Limitations Matter
04:42 Practical Insights and Differences
zhlédnutí: 45

Video

ContractsCon is not like other legal training events
zhlédnutí 116Před měsícem
ContractsCon is a training extravaganza combining sophisticated insights and strategy with a hell of a good time. We are a training-first event, focused on providing real-world practical training for lawyers and contract teams who work with contracts all the time. Join us in Las Vegas on January 22-23, 2025 or tune in for our virtual program from anywhere. www.contractscon.com
What if your counterparty assigns the contract to Apple?
zhlédnutí 35Před měsícem
Welcome to another practical contract tip from How to Contract! In this video, we discuss: The importance of using thought experiments in contract drafting. A real-world scenario: Your small SaaS client is sold to a large company like Apple. Key considerations if the contract is assigned: Pricing: Ensuring your pricing model scales and doesn't expose you to undue risk. Risk Management: Assessin...
Drafting Technique to Hide a One-Way Indemnification Provision
zhlédnutí 62Před měsícem
Laura shares a quick technique for making an indemnification provision appear mutual when it is mostly one-sided. This clip is from her Indemnification Mastery training program, a four-hour practical program that explores the practical realities lawyers and in-house contract teams face when negotiating commercial contracts. Check out her on-demand training programs on indemnification: 2-hour In...
Video How Vendors Can Argue Against Uncapped Indemnities
zhlédnutí 334Před 2 měsíci
In this video, Laura Frederick discusses negotiating strategies vendors can use when arguing against uncapped indemnities. Laura walks through some different approaches and then gets real about how vendors can manage their risk when accepting unlimited liability for indemnification is the only option. Learn more about How to Contract and its indemnification training: www.howtocontract.com Learn...
Watch out for negligence as an indemnity claim!
zhlédnutí 118Před 2 měsíci
In this video, Laura Frederick, Founder and CEO of How to Contract, discusses indemnification for negligence, why it's so risky, and what you should do instead. Don't miss How to Contract's upcoming workshop on indemnification on June 4, 5 and 6! These sessions are perfect for anyone still unsure about indemnification. www.howtocontract.com/indemnification-workshop Learn more about How to Contr...
Watch Out for Scope Creep When Approving AI Products
zhlédnutí 21Před 2 měsíci
Our AI contracts training program has so many insightful moments. In this clip, Shannon Yavorsky and Laura Belmont delve into AI product use cases and the challenge of scope creep. Discover practical strategies for managing and leveraging AI in contracts from leading experts in the field. Learn more about our training programs at How to Contract. Access the on-demand training program with six h...
Be Careful With Terms Buried in the Boilerplate
zhlédnutí 54Před 2 měsíci
It doesn't matter where you put provisions in your boilerplate...or does it? In this video, Laura Frederick explains why you should take care where you place important provisions in your boilerplate section. She explains one approach to minimizing attention on provisions that you don't want to highlight. She also talks about the risks including indemnification and limitation of liability in a c...
Preview of Amanda Merced's Session for the Drafting AI Contracts Summit (April 30 - May 2, 2024)
zhlédnutí 43Před 3 měsíci
This preview features Amanda Merced explaining the topics she'll cover in her session on Warranty, Limitation of Liability, and Indemnity Provisions at the Drafting AI Contracts Summit taking place on April 30 to May 2, 2024. #contracts
Boilerplate's Strategic Role in Your Negotiations
zhlédnutí 108Před 3 měsíci
In this video, Laura Frederick explains why boilerplate provisions offer a unique and strategic opportunity in our contract negotiations. She talks about why we approach this part of the contract differently from other sections. Sign up to take Laura's Boilerplate Provision Essentials two-house on-demand course for just $195: www.howtocontract.com/boilerplate-essentials
Let's Talk NDAs in the Real World
zhlédnutí 204Před 4 měsíci
In this video, Laura Frederick talks about the world of NDAs for most B2B companies. She shares her takes on why there are so many and ways companies pursue efficiencies. She also explores the standardization efforts and why they won't solve the business world's NDA problems. The message is that for a long time to come companies will need people who understand and can negotiate NDAs. Take Laura...
Top 5 Provisions to AVOID in NDAs
zhlédnutí 788Před 5 měsíci
#contracts #NDAs #howtocontract Transform your NDA skills: www.howtocontract.com/nda-mastery Explained by Laura Frederick, ex-Tesla and ex-BigLaw commercial contracts attorney with over 25 years of experience. Follow Laura on LinkedIn for more advice: www.linkedin.com/in/laurafredericklaw/ See more videos on NDAs: - Top 5 Provisions to Include in Your NDA: czcams.com/video/wOrwlCPXhrQ/video.htm...
Top 5 Provisions to Include in Your NDA
zhlédnutí 733Před 5 měsíci
Top 5 Provisions to Include in Your NDA
Why NDAs Matter in the Real World
zhlédnutí 830Před 5 měsíci
Why NDAs Matter in the Real World
ContractsCon 2024: Practical contract training you've always wanted
zhlédnutí 89Před 8 měsíci
ContractsCon 2024: Practical contract training you've always wanted
Contract Negotiation: The Importance of Being Yourself with Laura Frederick
zhlédnutí 160Před 11 měsíci
Contract Negotiation: The Importance of Being Yourself with Laura Frederick
Contract Drafting: A nuance of drafting NDAs
zhlédnutí 69Před 11 měsíci
Contract Drafting: A nuance of drafting NDAs
Contract Advice: Kwame Christian's Path to Learning Contracts and Negotiation
zhlédnutí 144Před rokem
Contract Advice: Kwame Christian's Path to Learning Contracts and Negotiation
Contract Advice: Building an Alternative Career in Contracts with Sasha Magee
zhlédnutí 125Před rokem
Contract Advice: Building an Alternative Career in Contracts with Sasha Magee
Contract Advice: How Curiosity Improves Your Contract Skills with Shahed Kader
zhlédnutí 197Před rokem
Contract Advice: How Curiosity Improves Your Contract Skills with Shahed Kader
Contract Advice: SaaS Contracts in the Real World: Term and Termination Provisions
zhlédnutí 496Před rokem
Contract Advice: SaaS Contracts in the Real World: Term and Termination Provisions
Contract Drafting: How to draft acceptance criteria for contract deliverables
zhlédnutí 159Před rokem
Contract Drafting: How to draft acceptance criteria for contract deliverables
Contract Advice: How to Create Better Contracts and Deals in Supply Chain with Will Drewery
zhlédnutí 251Před rokem
Contract Advice: How to Create Better Contracts and Deals in Supply Chain with Will Drewery
How to Draft Better Contracts in a Regulated Environment: Contract Tips from Carolyn Elefant
zhlédnutí 130Před rokem
How to Draft Better Contracts in a Regulated Environment: Contract Tips from Carolyn Elefant
How a BigLaw Litigation Lawyer Learned the Art of Drafting Contracts In-House with Aramide Fields
zhlédnutí 237Před rokem
How a BigLaw Litigation Lawyer Learned the Art of Drafting Contracts In-House with Aramide Fields
Drafting Contracts for Better Revenue Recognition
zhlédnutí 81Před rokem
Drafting Contracts for Better Revenue Recognition
Contract Advice: How to Build Confidence, Skillset, and Habits for Contract Review with Lisa Lang
zhlédnutí 261Před rokem
Contract Advice: How to Build Confidence, Skillset, and Habits for Contract Review with Lisa Lang
Contract Drafting: Get Better at Negotiating Export Control Provisions
zhlédnutí 39Před rokem
Contract Drafting: Get Better at Negotiating Export Control Provisions
Contract Advice: Improving Contract Processes and Empowering Your Intuition with Lucy Bassli
zhlédnutí 203Před rokem
Contract Advice: Improving Contract Processes and Empowering Your Intuition with Lucy Bassli
Contract Drafting: Insurance Know-How for Contract Lawyers
zhlédnutí 39Před rokem
Contract Drafting: Insurance Know-How for Contract Lawyers

Komentáře

  • @adamyohanan2339
    @adamyohanan2339 Před 18 dny

    Great topic!

  • @honchoabhi
    @honchoabhi Před měsícem

    I’m a fan of - this form of Information loaded - short videos. Thanks very much!

  • @honchoabhi
    @honchoabhi Před měsícem

    Awesome explanation!

  • @supriyanair8089
    @supriyanair8089 Před 2 měsíci

    Thanks Laura, that was really very insightful

  • @user-we5zc6jd8y
    @user-we5zc6jd8y Před 4 měsíci

    This is super helpful. Would suggest you make this into a "How to deal with NDAs" CZcams playlist as it'd help understand the order of these videos. Especially if they aren't starting with "Why NDAs Matter in the Real World"

  • @MNSaifUddinNoman
    @MNSaifUddinNoman Před 4 měsíci

    Great video. Though your content quality is very good , you are not getting enough views . It is because of the lacking of the SEO of your video. your video SEO score is very low. You should do the SEO of your videos to get more views.

  • @tiffanysaffold2685
    @tiffanysaffold2685 Před 5 měsíci

    You're the best, Laura!

    • @HowToContractYT
      @HowToContractYT Před 5 měsíci

      @tiffanysafforld2685 Thanks! I appreciate you saying that. :)

  • @user-pu9gt9lk8t
    @user-pu9gt9lk8t Před 5 měsíci

    I avoid: Residual, privacy, non-solicitation, Indemnity, LOL, indefinite term, immediate actions clauses. Thanks for this video.

  • @shahzine
    @shahzine Před 5 měsíci

    Laura, this is really actionable and defensible guidance. I was just remarking 2 days ago to some colleagues about how I came across a counter-party's NDA that was seeking indemnification and non-solicitation commitments. How de ja vu to see exactly these points addressed and validated by your video. Another point that has consistently troubled me (more generally beyond NDAs) is how indemnification is used. I thought its appropriate use is where the indemnitee wants the indemnitor to indemnify the indemnitee against third party actions that are triggered due to the indemnitor's breach of the commercial agreement between the indemnitee and indemnitor. I have always wondered whether it is appropriate or even meaningful to seek indemnifications in relation to the contracting party's direct breach itself since that liability is likely to be disputed and litigated anyway - perhaps the indemnity would at most be useful in the measure and extent of damages? I wonder if you might share your views on this topic sometime.

  • @AMRWAGEEH
    @AMRWAGEEH Před 5 měsíci

    I love it

  • @user-we5zc6jd8y
    @user-we5zc6jd8y Před 5 měsíci

    Extremely useful and insightful. Even for someone like me (not an attorney). Helps me understand when to request an NDA to slow down a deal vs its future-proofing benefits.

  • @garyfrancis6193
    @garyfrancis6193 Před 5 měsíci

    You never define what an NDA is. People like you are so immersed in your field, you forget that others don’t use your initialisms.

    • @HowToContractYT
      @HowToContractYT Před 5 měsíci

      Thanks for pointing that out! An NDA is a non-disclosure agreement. It's the agreement we sign with counterparties when we are in the early stages of discussing a business relationship. In an NDA, the parties agree that they will not use or disclose the other party's confidential information. Most US companies enter into more NDAs than any other type of signed contract for the reasons I highlight in the video.

  • @ByteSizeParodies
    @ByteSizeParodies Před 5 měsíci

    Love the video Laura!!! Super insightful!!

  • @fluorescentblackhole
    @fluorescentblackhole Před 5 měsíci

    Great foundation. I hope to see selection of governing law in your next video. Does State vs state within the US really matter?

    • @HowToContractYT
      @HowToContractYT Před 5 měsíci

      Thanks! I appreciate you posting that. The whole governing law decision is a challenge even for most US lawyers. I'm working on a list of videos to do and I will definitely cover this subject in a future video. It may not be in the next one, but in a future one for sure.

  • @saviturtyagi7627
    @saviturtyagi7627 Před 5 měsíci

    Thank you for sharing this informative video on NDAs! Your practical approach and emphasis on understanding the significance of NDAs are really helpful. Looking forward to your next video on essentials of NDAs! Keep up the great work!

    • @HowToContractYT
      @HowToContractYT Před 5 měsíci

      Thank you very much! Next video coming soon!

    • @HowToContractYT
      @HowToContractYT Před 5 měsíci

      Thanks so much! I'm so glad it's helpful. I'll be posting more soon.

  • @user-pe6ni6eh7r
    @user-pe6ni6eh7r Před 5 měsíci

    The main question is, what exactly presents from Santa's workshop could be considered as controlled under EAR or ITAR if Santa doesn't involve US items/technology/services/software, etc., for manufacturing gifts (toys for little kids with good behaviour and intentions (are not under sanctions 😂))?

  • @maureenblake5781
    @maureenblake5781 Před 7 měsíci

    This is such a great interview! Well done!

  • @Sofiia-Fradynska_IT-Lawyer

    Cool!

  • @ByteSizeParodies
    @ByteSizeParodies Před rokem

    This is absolutely FANTASTIC!!! Engaging, uplifting, inspiring.....what a great guest Laura!! Kwame is EPIC!!! (And of course we already knew he could sing!!!)

  • @Sofiia-Fradynska_IT-Lawyer

    Thank you!

  • @denizy.6317
    @denizy.6317 Před rokem

    Thank you, Laura, for considering my wish to address SaaS agreements! I hope there will be follow-up sessions concerning the other parts of a SaaS agreement!

  • @Sofiia-Fradynska_IT-Lawyer

    Thank you! Interesting & useful!

  • @madhurashanthini566

    Haven't heard indemnity being explained so clearly earlier. Highly appreciate it.

    • @HowToContractYT
      @HowToContractYT Před rokem

      Thank you so much! We've forwarded your kind words to Laura Frederick! Also, check out our free resources for more awesome tips from Laura: www.howtocontract.com/free

  • @Sofiia-Fradynska_IT-Lawyer

    Thank you! The chat was interesting!

  • @HowToContractYT
    @HowToContractYT Před rokem

    This episode is full of great insights into how Legal and Supply Chain support each other to create better outcomes for our vendors and us.

  • @ByteSizeParodies
    @ByteSizeParodies Před rokem

    This is awesome!!! You both are brilliant!!!

  • @mandystoebe8811
    @mandystoebe8811 Před rokem

    P R O M O S M

  • @EdgarReina2
    @EdgarReina2 Před rokem

    I loved your book and all your work. It helped me a lot. Really. But the most useful chapter is the last one called "Other Inspiration".

    • @HowToContractYT
      @HowToContractYT Před rokem

      Thank you Edgar! I really appreciate that. Those lessons were hard won.

  • @jaimesolis
    @jaimesolis Před rokem

    Is there an rss feedfor the podcast, or is It CZcams only? I can't find It...

    • @HowToContractYT
      @HowToContractYT Před rokem

      Jaime, you can listen to the podcast here: - Apple Podcasts: podcasts.apple.com/us/podcast/mastering-contract-processes-and-empowering-your/id1687142902?i=1000613356379 - Google Podcasts: podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy56ZW5jYXN0ci5jb20vZi9HbXhPcnZNay5yc3M/episode/NWI1ZDUwMTEtOTk1NS00ODkzLTgxMDctOGM4YjJiNzc2NTQ5?sa=X&ved=0CAgQuIEEahcKEwiwob7T4o3_AhUAAAAAHQAAAAAQLA - Spotify: open.spotify.com/episode/5fgNFo9OQBcHghr4RDjPMG?si=f000996a9b604041

  • @denizy.6317
    @denizy.6317 Před rokem

    Thank you so much! Please, more of these kinds of videos!

    • @HowToContractYT
      @HowToContractYT Před rokem

      Denizy, thaaank you so much for your feedback! Do you have a particular topic you'd be interested in?

    • @denizy.6317
      @denizy.6317 Před rokem

      @@HowToContractYT someone from a SaaS company or SaaS agreements as a topic would be great!

  • @ByteSizeParodies
    @ByteSizeParodies Před rokem

    Love this ya'll!!! So well done!!! (and the Thumbnail pic is KILLER!!!)

  • @carlahouston4808
    @carlahouston4808 Před 2 lety

    New subscriber your channel ,, very helpful

  • @JuanCarlos-xl5pn
    @JuanCarlos-xl5pn Před 2 lety

    this content is very helpful ,, thanks for share

  • @FranklinGraves
    @FranklinGraves Před 2 lety

    Always such a fun way of sharing great information! 👏🏻 Great work, Laura!

  • @ByteSizeParodies
    @ByteSizeParodies Před 2 lety

    A "Flo" discount! Now that's epic. Great overview on BriefCatch for sure....way to go Flo, Kendra and Ross! Software including "gamification" that makes editing enjoyable?? Now that ABSOLUTELY Doesn't SUCK!!!

  • @PremalaKanagarajah
    @PremalaKanagarajah Před 2 lety

    Wonderful presentation. Do agree with Navin that contracts are fun as it certainly allows innovation and creativity in the workflow process.

  • @ByteSizeParodies
    @ByteSizeParodies Před 2 lety

    Flo & Navin!! Great job on this video review...it was entertaining and informative as well!! Swords, EPIC Software & 2 people with more titles than anyone else I know! "Questions from Colin"!! It's MUST watch Legal Tech CZcams with a SUPER INFORMATIVE overview of great contract review AI technology!!

  • @ByteSizeParodies
    @ByteSizeParodies Před 2 lety

    Great Video Laura! Sounds like a fantastic event!!

  • @lisajennings7049
    @lisajennings7049 Před 2 lety

    Great platform! CONGRATULATIONS to all. Look forward to your success!

  • @LawInsidershow
    @LawInsidershow Před 2 lety

    Thanks for hosting us, Flo!

  • @FurLagomorph
    @FurLagomorph Před 2 lety

    So helpful!!! Thank you so much Laura!

    • @HowToContractYT
      @HowToContractYT Před 2 lety

      Thanks Julia! I'm glad you think so. I find there are a lot of lawyers and professionals who don't understand the risk of agreeing to these provisions.