• videocam On-Demand Webinar
  • signal_cellular_alt Intermediate
  • card_travel Commercial Law
  • schedule 90 minutes

Allocating Risk Through Remedies Clauses: Special, Indirect, Consequential Damages; Waivers; Indemnification; Insurance

About the Course

Introduction

This CLE course will advise counsel on negotiating and structuring remedy provisions contained in commercial contracts, as well as the considerations for such provisions in the current economic environment.

Description

Remedies provisions outlining the damages available to contracting parties in a contractual breach are heavily negotiated clauses in a wide array of commercial agreements. These provisions can help the non-defaulting party maximize recovery and shield them from excessive damages, including monetary damages, specific performance, and equitable remedies.

Unfortunately, counsel often relies on the ill-defined terms "special, indirect, or consequential damages," a phrase that has lacked a reliable and predictable definition for 160 years of jurisprudence. Counsel must also consider when and how to approach consequential damage waivers, liquidated damages, attorneys' fees, and exclusive remedies clauses to minimize legal and practical challenges when enforcing remedies. The parties must also ensure that the scope of the remedies provision interacts with the indemnity and insurance provisions in the contract.

Listen as our authoritative panel discusses strategies for business counsel negotiating and drafting remedies provisions in commercial contracts. The panel will discuss best practices to protect client interests during contract negotiation and remedy enforcement.

Presented By

Andrew B. Fromm
Partner
Hickey Hauck Bishoff Seabolt & Jeffers PLLC

Mr. Fromm specializes in business contracts, litigation, supply chain agreements, negotiations, disputes, warranty and recall litigation, and state and federal compliance issues. He has successfully represented and counseled clients in a significant number of state and federal lawsuits, arbitrations, and multiple consumer class actions. Mr. Fromm also has extensive experience in representing multiple Fortune 500 corporations, automotive companies, manufacturing companies, and private clients throughout all phases of complex litigation involving product liability, wrongful death, negligence, contract, warranty, and indemnity disputes, insurance-coverage disputes, and compliance and regulatory issues involving various state and federal agencies.

Aaron K. Tantleff
Partner
Foley & Lardner LLP

Mr. Tantleff is a partner at Foley & Lardner LLP and a recognized authority in technology transactions, cybersecurity, and data privacy. Drawing on his prior experience as global director of intellectual property for a NASDAQ-listed information technology company and acting associate general counsel for an NYSE-listed consulting firm, he brings rare fluency in the commercial, operational, and legal dimensions of enterprise technology to boardroom and C-suite engagements. Mr. Tantleff's practice spans privacy and cybersecurity compliance and incident response, outsourcing, IP licensing, open-source strategy, big-data monetization, and strategic transactions. He is also at the forefront of the Firm’s artificial intelligence advisory capabilities, counseling companies, boards, and executive teams on strategic AI governance and adoption, including the design and analysis of agentic AI systems, AI agent testing and evaluation, AI-related contracting, and the development of frameworks that align AI initiatives with evolving regulatory, ethical, and commercial standards. A sought-after speaker and thought leader on emerging technology risk and resilience, Mr. Tantleff's practice blends hands-on transactional rigor with forward-looking counsel on AI’s transformative role in enterprise strategy.

Credit Information
  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.


  • Live Online


    On Demand

Date + Time

  • event

    Tuesday, March 4, 2025

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

  1. Common remedies provisions
    1. Special, indirect, and consequential damages
    2. Liquidated damages
    3. Attorneys' fees
    4. Exclusive remedies
    5. Other remedies
  2. Damage waivers
  3. Interplay with indemnity
  4. Interplay with insurance requirements
  5. Negotiating, drafting, and enforcing risk allocations
    1. Negotiation considerations and strategies
    2. Enforcement considerations and strategies

The panel will review these and other key issues:

  • What are the most commonly negotiated remedies in commercial contracts?
  • What best practices should counsel to contracting parties apply when negotiating and drafting remedies provisions?
  • What legal and practical challenges do counsel to contracting parties face when seeking to enforce remedies provisions--and how can they overcome them?
  • What is the interplay between the remedies provision and the indemnity and insurance provisions in commercial contracts?