Blog Bite: Liability of directors, officers, who should be protected by the company's indemnification clause?
This article posted on our partner site Mondaq.com illustrates why indemnification clauses should not be considered boilerplate, and why they should be reviewed frequently.
The author explains that indemnification clauses are often drafted to protect trustees, directors, and in some cases employees. Whether boilerplate clauses are sufficient, or should be scrutinized by the parties who are either affording or receiving protection, is the subject matter of this article.
This comes to you as a part of Clausehound's exciting new collaboration with Mondaq!
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