Indemnification – You’ve All Heard the Term but What Does It Mean?
Over the course of my career as a lawyer, I couldn’t even estimate how many times a client has requested that I review a contract or assist with a contractual dispute. Time and time again, I’m told by the client that they didn’t understand or even read certain portions of the contract because it was just “standard legalese” and thus unimportant. This belief couldn’t be further from the truth and almost always leads to disastrous consequences. Featured In The February 2025 Edition Of XBIZ World "Legalese" refers to the specialized language used in legal documents, including contracts. While it can often seem daunting to those unfamiliar with legal terminology, legalese plays a crucial role in ensuring that contracts are clear, enforceable, and protect the interests of all parties involved. There are several reasons why legalese is an important part of a contract including but not limited to: Precision and Clarity: Legalese is designed to be precise. It minimizes ambiguity and misinterpretation by using specific terms and phrases that convey exact meanings. This clarity is vital in preventing disputes over contract terms; Enforceability: Contracts must meet certain legal standards to be enforceable in a court of law. Legalese incorporates established legal…