contractual liability

contractual liability

Liability assumed by a party under a contract by express language, implication, or operation of law; includes not only the obligation of a party to perform in accordance with the contract but also such other obligations as may be assumed, e.g., those arising from indemnification or hold harmless clauses.
References in periodicals archive ?
However, as more physicians become part of larger networks to deliver new models of care, their contractual liability spreads, he said.
com)-- Herve has over two decades of advisory and litigation consulting experience encompassing a wide range of disputes that arise in the course of business and commerce including: termination of commercial relations, contractual liability, breach of contracts and unfair competition.
have entered an exclusive underwriting agreement to offer Chill-Pro contractual liability insurance coverage for Heating Ventilation and Air Conditioning (HVAC) contractors in the US.
It's one of the six enumerated things that qualify as an "insured contract," which is itself an exception to the Contractual Liability exclusion.
Civil contractual liability is the duty of a debtor's obligation arising from a contract to repair the damage caused to his creditor by means of not performing lato sensu of the stipulated service (Vintila, 1999: 16).
One of the things I have noticed over the past several years is how often contractual liability coverage is not included in the general liability policy.
Building the Iran-Pakistan (IP) gas pipeline is our contractual liability," Asif said, explaining his government's position on the project during his visit to Washington.
Just one in five cloud users concerned about contractual liability for SLAs
He often sees contract language, he notes, requiting indemnitors to "purchase insurance with broad form contractual liability that covers the indemnity obligations of this contract.
He has often seen contract language requiring indemnitors to "purchase insurance with broad form contractual liability that covers the indemnity obligations of this contract.
6m to the two companies and incurring a possible contractual liability of up to pounds 18m.
PowerGuard's warranty product is the most comprehensive contractual liability coverage available to renewable energy manufacturers, project developers, power generation operators and the financial institution and private equity firms who invest in them.