Monthly Archives: July 2016
Condominium losses present some unique circumstances and often require a deeper review due to the condominium declarations, waiver of subrogation, and determining potential targets. But, don’t give up on them with an assumption that they cannot be pursued.
Liquidated damages clauses and limitation of liability clauses are common in contracts but have different roles. Liquidated damages clauses try to fix, in advance, the amount of reasonable compensation for actual damages. Limitation of liability clauses restrict the amount of compensation available, regardless of the damages suffered. While the provisions both seek to limit exposure, courts treat the application of them differently.
More and more, we are seeing property damage caused by water and fire as a direct result of a defective product. We are trying to work with our clients to bundle these cases to increase the settlement value and decrease your operational costs associated with individually managing each claim. Therefore, it is imperative we bring… Read More »
Ohio Revised Code 2307.71 (A) (15) defines a Supplier, subject to division, as any of the following: “A person that, in the course of a business conducted for the purpose, sells, distributes, leases, prepares, blends, packages, labels, or otherwise participates in the placing of a product in the stream of commerce; A person that, in… Read More »