Suits and Judgments Clause Samples
The "Suits and Judgments" clause defines the responsibilities and procedures related to legal actions and court judgments involving the parties to a contract. Typically, this clause outlines how each party must notify the other if they become involved in a lawsuit or receive a judgment related to the agreement, and may specify obligations such as cooperating in the defense or settlement of such actions. Its core practical function is to ensure transparency and coordination between parties when legal disputes arise, helping to manage risk and prevent surprises that could affect the contractual relationship.
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Suits and Judgments. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or a plea of nolo contendere or its equivalent shall not, by itself, create a presumption that an Indemnitee is not entitled to indemnification under this Agreement.
