Confusing contract clause Ruth Tallman 02 May 2001 16:04 EST
I need your help with the following clause in a subcontract from a
for-profit (Them) to Lehigh (Us). The clause is in the Insurance and
Indemnification section. What the heck does it mean?
"To the extent permitted by law, Contractor [Us] and its insureres(s)
agree that subrogation rights against Buyer [Them] are hereby waived.
Contractor hereby undertakes to reflect such waiver in any policy(ies)
required under this Agreement."
Your clairvoyance will be greatly appreciated!
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