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28Nov
2016

Allocating Risks Through Releases, Indemnities and Insurance

In an effort to keep legal and insurance costs down, local governments are increasingly seeking indemnities, insurance and releases from the parties with whom they contract. Local governments often require these obligations to be included in contracts with service providers, construction and maintenance contractors and facility users in an effort to reduce the risk arising from the activities contemplated in the contract. This paper will discuss these methods of allocating risk, their effective use, and some pitfalls to be avoided.

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