Contracts and Risk Transfer

Virtually all contracts between owners, vendors and service providers include indemnity and additional insured provisions. Such contracts also typically include provisions addressing waivers of subrogation, choice of law, forum selection and force majeure. Understanding the risk being transferred or assumed by such provisions is critical to effective compliance with contractual obligations. Also, when a loss occurs during the performance of a contract, the risk transfer provisions in the contract, in most instances, govern which party is primarily responsible for responded to the loss. The Firm has a team of attorneys whose focus is advising clients on risk management provisions. The firm has provided advice on hundreds of contracts involving such subjects as construction, vendor services, product purchases, leases, rental, intellectual property, health care and internet based services.

The Firm

Chicago
Tel: 312-551-2130
Fax: 312-551-2131

Address: 30 N. LaSalle St., Suite 2100 Chicago, Illinois 60602

Email: adm@mcveyparsky-law.com

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