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Amendment of Articles to Expand Indemnification of Agents

Dallas Texas Amendment of Articles to Expand Indemnification of Agents

Name: Dallas Texas Amendment of Articles to Expand Indemnification of Agents
Brand: US Legal Forms
Rating: 4.88 (240 reviews)

Category:

Corporations - Public - Indemnification

State:

Multi-State

County:

Dallas

Control #:

US-CC-17-189-NE

Format:

Instant download

Description

This sample form, a detailed Amendment of Articles to Expand Indemnification of Agents, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

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How to fill out Dallas Texas Amendment Of Articles To Expand Indemnification Of Agents?

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FAQ

Court will not enforce an indemnification provision that indemnifies an indemnitee for its own negligence unless the intention of the parties is clearly and unambiguously expressed. Courts first look for specific language in the contract that address the fault or negligence of the indemnitee.

Tips for Enforcing Indemnification Provisions Identify Time Periods for Asserting Indemnification Rights.Provide Notice in a Timely Fashion.Notify All Concerned Parties.Understand Limitations on Recovery.Exclusive Remedy.Scope of Damages.Claims Process/Dispute Resolution.

Indemnification provisions are generally enforceable. There are certain exceptions however. Indemnifications that require a party to indemnify another party for any claim irrespective of fault ('broad form' or 'no fault' indemnities) generally have been found to violate public policy.

A limitation of liability clause is a provision in a contract that limits the amount of exposure a company faces in the event a lawsuit is filed or another claim is made. If found to be enforceable, a limitation of liability clause can "cap" the amount of potential damages to which a company is exposed.

TEXAS ANTI-INDEMNITY ACT Prohibits and makes void broad form and intermediate form indemnity agreements (claims involving the sole or concurrent negligence of indemnitee) for construction projects, if the Act applies to your contract.

This is essentially an I'll protect your back clause, making the party giving the indemnity responsible to pay back the other party for things they might do wrong, bringing harm to the first party. You may also know that most contracts also include a separate limitation on liability clause.

You should look to limit indemnification clauses by narrowing their scope, putting in caps on damages, and clearly defining the indemnifiable acts (i.e. the representations and warranties in the example above). Also consider purchasing insurance as a means to limit your financial risk.

The State of Texas is immune from liability and from suit with respect to most causes of action against it under the doctrine of sovereign immunity. This means that the State of Texas cannot be sued in its own courts without its legislature's consent.

Commonly, a party's indemnification obligations are carved-out from the limitations of liability meaning a party has unlimited liability for indemnification obligations.

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MEYERSON SYMPHONY CENTER between the. CITY OF DALLAS, TEXAS, and the.That it may extend to a district created or organized under Article XVI, Section 59, of this constitution. Kevin is the managing partner at Vela Wood. May be issued thereunder and increasing the initial and annual grants to non-employee directors provided for in the plan. Committee on Foreign Investment in the United States. CG. Complete Genomics. CGCC.

Dallas Texas Amendment of Articles to Expand Indemnification of Agents

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Do indemnity clauses hold up in court?

How do you enforce an indemnity clause?

Are indemnification agreements enforceable?

What is a limitation of liability clause?

What is the Texas anti indemnity statute?

What is a cap on an indemnity clause and why should I care?

How do you limit an indemnification clause?

Can the state of Texas indemnify?

Does limitation of liability cap indemnification?

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