Chicago Business Attorney Blog
Every contract you sign has one section that gets less attention than almost anything else in the document, and it is usually the section that ends up costing business owners the most. It is not the payment terms. It is not the termination clause. It is the indemnification clause, and most business owners either skim past it or assume it is standard boilerplate that does not need a second look.
It is not boilerplate. It is one of the most consequential paragraphs in the entire agreement, and by the time most business owners understand what it actually does, they are already the ones paying for someone else’s mistake.