This office lease clause describes the allocation of risks. The parties desire to allocate certain risks of personal injury, bodily injury or property damage, and risks of loss of real or personal property by reason of fire, explosion or other casualty, and to provide for the responsibility for insuring those risks as permitted by law.
The Wake North Carolina No Fault Clause is a legal provision that governs the handling of personal injury lawsuits in the state. This clause takes effect when it comes to accidents involving motor vehicles. It essentially states that individuals involved in such accidents are entitled to certain benefits and compensation, regardless of who was at fault for the incident. Under the Wake North Carolina No Fault Clause, individuals who sustain injuries in a motor vehicle accident are provided with prompt medical treatment, rehabilitation, and compensation for their losses. This clause ensures that injured parties receive the necessary assistance without having to prove liability or fault. There are two types of Wake North Carolina No Fault Clauses. The first is known as "pure" no-fault insurance. In this case, individuals involved in an accident receive benefits from their insurance company, regardless of who caused the accident. This coverage is typically provided under personal injury protection (PIP) policies. The second type is often referred to as "add-on" no-fault insurance. Under this clause, individuals can choose to add additional coverage to their existing insurance policies, which grants them the benefits of no-fault insurance. This means that they can receive compensation for their injuries and damages regardless of fault, but they also retain the ability to pursue a claim against the at-fault party if necessary. In Wake North Carolina, the no-fault clause aims to streamline the process of seeking compensation for personal injuries resulting from motor vehicle accidents. By removing the need to establish fault or liability, it ensures that injured parties can receive the necessary medical treatment and financial support in a timely manner. In conclusion, the Wake North Carolina No Fault Clause is a legal provision designed to protect individuals involved in motor vehicle accidents by providing them with benefits and compensation irrespective of fault. The two main types of this clause are the "pure" no-fault insurance and the "add-on" no-fault insurance. This provision helps expedite the claims process, ensuring prompt assistance and support for injured parties in Wake North Carolina.The Wake North Carolina No Fault Clause is a legal provision that governs the handling of personal injury lawsuits in the state. This clause takes effect when it comes to accidents involving motor vehicles. It essentially states that individuals involved in such accidents are entitled to certain benefits and compensation, regardless of who was at fault for the incident. Under the Wake North Carolina No Fault Clause, individuals who sustain injuries in a motor vehicle accident are provided with prompt medical treatment, rehabilitation, and compensation for their losses. This clause ensures that injured parties receive the necessary assistance without having to prove liability or fault. There are two types of Wake North Carolina No Fault Clauses. The first is known as "pure" no-fault insurance. In this case, individuals involved in an accident receive benefits from their insurance company, regardless of who caused the accident. This coverage is typically provided under personal injury protection (PIP) policies. The second type is often referred to as "add-on" no-fault insurance. Under this clause, individuals can choose to add additional coverage to their existing insurance policies, which grants them the benefits of no-fault insurance. This means that they can receive compensation for their injuries and damages regardless of fault, but they also retain the ability to pursue a claim against the at-fault party if necessary. In Wake North Carolina, the no-fault clause aims to streamline the process of seeking compensation for personal injuries resulting from motor vehicle accidents. By removing the need to establish fault or liability, it ensures that injured parties can receive the necessary medical treatment and financial support in a timely manner. In conclusion, the Wake North Carolina No Fault Clause is a legal provision designed to protect individuals involved in motor vehicle accidents by providing them with benefits and compensation irrespective of fault. The two main types of this clause are the "pure" no-fault insurance and the "add-on" no-fault insurance. This provision helps expedite the claims process, ensuring prompt assistance and support for injured parties in Wake North Carolina.
