Joint Venture Agreement Liabilities

From a professional liability perspective, the clear limits of authority and responsibility of a prime-subcontract agreement are preferable to the murky division of work and responsibility, often associated with a joint venture. Neither of these two routes is without problems. If you purchase separate professional liability insurance for the joint venture, you will need or probably want to acquire a longer reference period or tail coverage after the completion of the project. Tail coverage may be available in blocks of several years after the policy expires, but after that, tail coverage works, as well as coverage. An extension of the queue may be possible, but remember: Slovakia – AV In a partnership contract, you can agree on a distribution report for the responsibility of the project. . . .

Kommentare sind geschlossen.