Author: Griffiths & Armour
1st September 2015
First published: 1st September 2015
Standard: £9 + VAT
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Griffiths & Armour
This month's article from Griffiths & Armour explains the benefits of net contribution clauses (NCCs) and clauses which limit an engineer's liability.
The intention behind an NCC is for an engineer’s liability in a multi-party dispute to be limited to an equitable proportion of any losses. It seeks to modify the effects of joint and several liability, a principle which otherwise applies in circumstances where more than one party is liable to the same claimant for the same loss.
Our series from insurance broker Griffiths & Armour moves on from examining the underlying causes of claims, to consider the effects of contractual terms.
In the first of a new series from insurance broker Griffiths & Armour examining
contractual risks and liability claims, we look at design defects and ways to avoid them.