AN ANALYSIS OF THE INTERACTIONS OF ACCEPTING LIABILITY/ COMPENSATION WITH CONVEYING IT TO THE INSURER

Document Type : Research Paper

Authors

1 Associate Professor of Private and Islamic Law Department, University of Tehran

2 Assistant Professor of Law Department, University of Tabriz

Abstract

Allocation and share of contractual liability is one of the important issues of contract law which consume a lot of time in contractual negotiations. According to the primary principle, everybody is liable for his faults, but complicated contracts in industry such as oil and gas, have passed this boundaries, and by contractual terms transfer the liability to the opposite party or third party (insurance company). These levels of risk allocation which refer to indemnity and insurance clauses in contracts, are mechanisms which prevent project costs related to insurance, and minimize the contractual controversies which may hold the project advancement. The interaction between indemnity and insurance, and their dependency would be analyzed together.

Keywords

References

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Law Quarterly
Volume 47, Issue 4
January 2018
Pages 589-608

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