Risk Provisions Clause Samples
Risk Provisions are contractual terms that define how various risks associated with the agreement are allocated between the parties. These provisions typically specify which party is responsible for losses, damages, or liabilities arising from certain events, such as accidents, delays, or unforeseen circumstances. For example, a risk provision might state that the seller bears the risk of loss until goods are delivered to the buyer. The core function of Risk Provisions is to provide clarity and certainty regarding responsibility for potential negative outcomes, thereby reducing disputes and ensuring both parties understand their obligations.
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Risk Provisions. A. Each Party shall defend, indemnify and hold harmless the other party, and all of its officials and employees, from any and all claims, demands, suits, actions, fines, penalties, and liability of any kind, including injuries to persons or damages to property (collectively "Claims"), which arise out of or are related to any negligent acts or omissions or any breach of this Agreement by the indemnifying party or its employees, contractors or agents. Provided, that if any such Claims are caused by or result from the concurrent negligence or breach of this Interlocal Agreement by the City or its employees, contractors or agents and the County or its employees, contractors or agents, each party’s obligation hereunder applies only to the extent of the negligence or breach of such party or its employee, contractor or agent.
B. The foregoing indemnity is specifically and expressly intended to constitute a waiver of each party’s immunity under industrial insurance, Title 51 RCW, as respects the other party only, and only to the extent necessary to provide the indemnified party with a full and complete indemnity of claims made by the indemnitor’s employees. This waiver has been mutually negotiated.
C. As between the Parties and ArenaCo under the Arena Facility Agreements, ArenaCo will bear all costs and responsibility for investigating, responding to and remediating Hazardous Materials associated with the Project Site. As between the City and the County, the City will bear all costs and responsibility for investigating, responding to and remediating Hazardous Materials associated with the Project Site, and shall indemnify, defend and hold harmless the County and all of its officials and employees from all liability arising out of the discovery of such Hazardous Materials. "Hazardous Materials" as used herein shall mean any hazardous, dangerous or toxic wastes, materials, or substances as defined in state or federal statutes or regulations as currently adopted or hereafter amended.
Risk Provisions. Vested only when no longer subject to the following Substantial Risk of Forfeiture as follows (Choose one of 4. or 5.):
Risk Provisions. 4.1. The licensor is not to be held responsible for the expertise or actions of traders. By subscribing to a trader, you agree to accept all risk assessments on executed trades.
4.2. The traders presented on the trade mirroring service HEARTBEAT are not employees of the Licensor and act of their own volition. You must carefully select the trader whose trades they themselves plan to mirror and consider all factors when selecting a strategy. The licensor is responsible for any incurred losses or profits made on trades through the use of this service.
4.3. You are liable for any problems that may occur with the software you use, disturbances in the function of your technical items, as well as the quality of your telecommunication services.
4.4. Trading in financial markets is ▇▇▇▇ with potential opportunities to make a profit. Investors able to accept risks are well-positioned to make a relatively high profit from trades. Investing an amount whose loss can negatively affect your financial well-being is not advised.
4.5. If you lack expertise in financial markets, we suggest a consultation with experts in the field or acquire technical knowledge in professional educational institutions.