against the indemnified property,
iii) The time period for which such indemnification obligations last ( in perpetuity, for a certain
period after the termination of the agreement).
While litigation related news manages to grab people's eyeballs on a day to day basis, the workings of those lawyers that are involved in contract negotiations are no less intriguing or complex. Given that an executed contract, is the foundation stone of a business relationship, it is imperative that the counsels involved in the negotiation, drafting and execution of a contract ensure that the said contract is ironclad to safegfuard either party's interests; at the same time; is flexible enough to allow variations in relations to changing market scenarios.