This book examines contractual limitation, principles and practice through the use of knock-for-knock indemnity clauses. In using such clauses, the parties agree that for certain forms of potential liability - typically property damage, personal injury to employees, and sometimes other heads of claim such as consequential loss - any loss arising will be absorbed by the party who suffers it: "you look after your losses, I'll look after mine." It is an apparently simple, pragmatic and neat solution to the question of who bears liability: a risk allocation model so straightforward that it was described by one experienced English judge, Honorable Mr. Justice Morison, as "crude".
A specialist contributor team of international experts, examine the origin, application and effect of these clauses in important jurisdictions, their impact in different industries such as oil & gas, shipping, construction and insurance, through the lenses of both economic and legal analyses.
The book is of use for lawyers, economists and businesspeople who draft, negotiates or manage contracts in all industries where liability is dealt with in this way. It is also of interest to students, academics, and policy makers.
| ISBN: | 9781032074115 |
| Publication date: | 4th October 2024 |
| Author: | Kristoffer Svendsen, Greg Gordon, Endre Stavang |
| Publisher: | Informa Law from Routledge an imprint of Taylor & Francis |
| Format: | Paperback |
| Pagination: | 296 pages |
| Series: | Contemporary Commercial Law |
| Genres: |
Commercial law Contract law |
This book examines contractual limitation, principles and practice through the use of knock-for-knock indemnity clauses. In using such clauses, the parties agree that for certain forms of potential liability - typically property damage, personal injury to employees, and sometimes other heads of claim such as consequential loss - any loss arising will be absorbed by the party who suffers it: "you look after your losses, I'll look after mine." It is an apparently simple, pragmatic and neat solution to the question of who bears liability: a risk allocation model so straightforward that it was described by one experienced English judge, Honorable Mr. Justice Morison, as "crude".
A specialist contributor team of international experts, examine the origin, application and effect of these clauses in important jurisdictions, their impact in different industries such as oil & gas, shipping, construction and insurance, through the lenses of both economic and legal analyses.
The book is of use for lawyers, economists and businesspeople who draft, negotiates or manage contracts in all industries where liability is dealt with in this way. It is also of interest to students, academics, and policy makers.
Knock-for-Knock Indemnities and the Law features in the following genres: Commercial law, Contract law
Knock-for-Knock Indemnities and the Law is available in Paperback, Hardback
Knock-for-Knock Indemnities and the Law was written by Kristoffer Svendsen, Greg Gordon, Endre Stavang and published by Informa Law from Routledge an imprint of Taylor & Francis
Knock-for-Knock Indemnities and the Law has 296 pages
Yes it is part of Contemporary Commercial Law series
£76.49