Unraveling the Indemnity Puzzle: An Insight into Construction Contracts
In this episode, host Alex Barthet demystifies the concept of indemnity – a term integral to the construction sector. Indemnity, essentially, involves the shifting of responsibility for losses or damages from one party to another. This typically occurs through a written agreement, where one party assumes accountability for the implications of its actions or inactions, safeguarding the other party from these consequences.
Alex meticulously explains why indemnification remains a crucial aspect of construction. He emphasizes that for contractors, comprehending the implications of any indemnity clause related to their potential risks on a specific job is of utmost importance. This understanding is key, regardless of whether the indemnity is contractual or grounded in common law.
If you’re a contractor or just curious about the intricacies of indemnity clauses in construction contracts, this episode is for you! Don’t miss out on these valuable insights that could help you navigate potential pitfalls and protect your interests.
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About Alex Barthet
Alexander Barthet is a board certified construction attorney in Florida and holds a B.S. in mechanical engineering. He manages The Barthet Firm, a ten lawyer construction law firm in Miami, and maintains a construction law blog at www.TheLienZone.com. He can be reached at 305-347-5295 or alex@barthet.com.
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