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Many business decisions a bind one party to another through contracts. These contracts have many names - they are called purchase orders, easement agreements, facility rentals, etc. By using appropriate tools and resources, you can simply manage and assign risk to the appropriate party through the contract. This handy guide contains tips making risk management strategies easy to use in a wide variety of contracts. This resource is useful for purchasing professionals, risk managers, project managers and insurance professionals, providing insights into American and Canadian systems. It will help you avoid common drawbacks in contracts.
Topics Include:
~ Written vs. verbal contracts
~ Authority to bind the corporation
~ Risk Transfers language
~ Hold Harmless and indemnity clauses
~ Types and amounts of insurance
~ additional insured Status
~ Certificates of insurance
~ What to look for on bonds
~ How to make bond claims
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