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Time Is of the Essence Clause

Time Is of the Essence Clause A Time Is of the Essence Clause (TOE) is language contained in a contract that specifies that a certain time or date is important. In effect, a time is of the essence clause is saying, “the times…

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Directors & Officers (D&O) Insurance

Directors & Officers (D&O) Liability Insurance Directors & Officers (D&O) Liability insurance helps cover defense costs and damages (awards and settlements) arising out of wrongful act allegations and lawsuits brought against an organization’s board of directors and/or officers. These types…

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Asbestos Risks During Design Phase

Asbestos Risks During Design Phase Most professional service agreements assume that the site for a project is “clean” and that no risks from an environmental hazard such as asbestos will affect the project or the design professional’s delivery of services….

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