• Top Court Highlights Importance of Understanding Indemnity Clauses
  • September 28, 2017 | Author: Jeffrey R. Murphy
  • Law Firm: Linowes and Blocher LLP - Bethesda Office
  • Many commercial real estate contracts—including purchase and sale agreements, loan documents, construction contracts, joint venture agreements, and commercial leases—contain an indemnity clause, which requires one party (the indemnitor) to compensate another party (the indemnitee) for certain losses. A recent decision by Maryland’s highest state court underscores the need to consider the scope of, and potential liability under, an indemnity clause.