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Cancel My Reservation! Pennsylvania Sows Confusion Over Consent-to-Settle Clauses
2015-09-28 23:12:12| Industrial Machines - Topix.net
This summer, the Supreme Court of Pennsylvania addressed an important question that has divided other courts: if an insurer defends a claim subject to a reservation of rights, may the insured settle the claim without the insurer's consent? Earlier cases considered whether or not the insurer's reservation of rights has the effect of "narrow[ing]" the policyholder's contractual duty to cooperate in its own defense. E.g. , United Services Auto Assoc.
Tags: cancel
pennsylvania
reservation
confusion
The Clients and Clauses That Companies Avoid
2015-07-15 19:06:57| ENR.com: Headline News
A new ENR survey finds that designers and contractors often try to steer clear of developers, condominium projects and clauses that open them to unlimited liability.
Tags: companies
avoid
clients
clauses
Considerations with Regard to "Material Adverse Effect" Clauses
2015-02-18 18:08:16| Food - Topix.net
In the mergers and acquisitions context, there is a risk that the occurrence of some event between signing and close may cause the value of the target to diminish significantly, making the deal no longer attractive to the acquiring party. To protect against this possibility, many acquiring parties rely on provisions that allow them to walk away from the deal in the event of such a "material adverse effect" or "material adverse change" regarding the target.
Tags: material
effect
regard
adverse
Beware Crazy Clauses
2014-11-29 22:31:44| Real Estate - Topix.net
It's a seller's market for new condos in cities like San Francisco, Miami, and New York. If, for example, a buyer in a recently erected New York building unloads his condo for a profit within a year of purchase, a new standard line in contracts states that the condo owner must hand the developer half of his windfall.
No more exclusivity clauses in wireless roaming contracts, says CRTC
2014-08-01 00:02:59| Wireless - Topix.net
Canada's telecom regulator is banning wireless carriers from imposing exclusivity conditions in contracts that forced smaller firms to use more expensive roaming networks.
Tags: says
wireless
contracts
clauses