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Master Services Agreement
Between Halden Industries, Inc. and Vance & Co. LLP
§4 · Representations. Each party represents that it has full corporate power and authority to enter into this Agreement and to perform its obligations hereunder in accordance with applicable law.
§4.2 · Indemnification. [No clause present in draft.]A.1 The Agreement proceeds directly from §4.1 to §5 without addressing mutual indemnity for third-party claims arising out of intellectual property, confidentiality or breach of representation.§7(c) · The parties acknowledge that ERISA preemption applies to all claims arising under this Agreement, as held in Aetna Health Inc. v. Davila, 542 U.S. 200 (2004)A.2, and accordingly waive any state-law cause of action inconsistent with the foregoing.§11 · Limitation of Liability. Each party shall remain liable for any and all damages, direct or consequential, arising out of or in connection with this Agreement, without limitation as to amount or category.A.3§12 · Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to conflict-of-laws principles…
Matter Review Complete
- Critical Risks Identified
- 3
- Missing Protections Added
- 2
- Citations Verified
- 1
- A.1MissingIndemnification clause absent
No mutual indemnity for third-party IP claims. Firm playbook §4.2 requires carve-out.
- A.2UnsupportedCitation cannot be verified
Reference to Aetna v. Davila does not support the proposition asserted in §7(c).
- A.3RiskUnlimited liability language
§11 omits cap on aggregate liability. Exposure unbounded against agreement value.
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- Pages
- 12
- Jurisdiction
- New York
- Status
- Ready for Review
- Analyzing Structure—
- Reviewing Clauses—
- Verifying Citations—
- Checking Liability Exposure—
- Comparing Firm Standards—
- Building Review Summary—
- Missing Indemnification ClauseRisk
- Unsupported Citation DetectedCitation
- Unlimited Liability LanguageExposure
- Governing Law VerifiedVerified
Awaiting start · No findings yet
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