Key Clauses: Indemnity, Limitation & Force Majeure

📘 Module 1: Understanding Indemnity Clauses (1 Hour 15 Minutes)

• What is indemnity? Legal definition vs commercial usage
• Scope of indemnity: direct vs consequential loss
• Difference between indemnity and damages under Indian law
• Survival, trigger events, exclusions, and notice periods
• Sample indemnity clauses with risk allocation variations

📘 Module 2: Limitation of Liability – Drafting & Enforcement (1 Hour 15 Minutes)

• Types of liability caps: aggregate, per claim, linked to contract value
• Exclusions for fraud, gross negligence, IP breaches
• Judicial stance on unreasonable or unenforceable limitations
• Carve-outs, knock-for-knock indemnities, and uncapped liabilities
• Comparison across common law and civil law jurisdictions

📘 Module 3: Force Majeure – Risk Allocation in Unforeseen Events (1 Hour)

• Legal principles and purpose of force majeure
• List-based vs definition-based FM clauses
• Impact of COVID-19 and global disruptions
• Notice, mitigation, suspension vs termination rights
• Interplay with frustration under Indian Contract Act

📘 Module 4: Drafting, Negotiation & Case Law Insights (45 Minutes)

• Negotiation tips for indemnity and liability clauses
• Common redlines from opposing counsel
• Judicial interpretations in India and globally
• Sample clauses with drafting annotations
• Clause audit checklist for contracts teams

🛡️ Protect your contracts with precision — Master the most negotiated clauses and minimize exposure with sound drafting strategy.