Top ten risk allocation pitfalls to avoid
Updated: Mar 16
If you're a transactional attorney, chances are you regularly negotiate risk allocation provisions.
Contractual risk allocation tools are powerful, and therefore commonly subject to negotiation and litigation. However, counsel often overlooks or misjudges the provisions' complexities and impacts. Therefore, parties commonly find themselves facing more liability than they thought they bargained for when they signed the agreement. This article gives ten key tips to avoid common risk allocation drafting pitfalls and achieve legal and business objectives.