17-217 17-217 . . . Indemnification Agreement providing that (i) in event of change in control, corporation shall establish Escrow Reserve of $2,000,000 as security for its obligations under Indemnification Agreement and (ii) in event of any liquidation, merger, consolidation or reorganization in which corporation is not surviving entity, or sale of all or substantially all of corporation's assets, corporation shall ensure that Indemnification Agreement is assumed by surviving entity or otherwise provide for satisfaction of its obligations thereunder
Vermont Indemnification Agreement establishing Escrow Reserve
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FAQ
A limitation of liability clause is a contract term that limits a seller's possible exposure for a claim related to the seller's product. Sellers should include these clauses in their sales contracts to avoid being held responsible for the consequences of a buyer's actions that are entirely beyond the seller's control.
Yes, a claim should generally be brought within three years from the date of injury or damage; or three years from the date the producer knew (or could reasonably have known) about the claim.
Notwithstanding section 512 of this title, and except as provided in sections 518 and 551 of this title, actions to recover damages for injuries to the person arising out of any medical or surgical treatment or operation shall be brought within three years of the date of the incident or two years from the date the ...
Just like most types of personal injury lawsuits, time limits apply to product liability claims as well. This limit may vary from state to state. Most states, however, have a two-year limit.
In Vermont, eminent domain gives the government the power to take your property, even if you don't want to sell. But under the Fifth Amendment, eminent domain must be for a ?public use,? which traditionally meant projects like roads or bridges.
Product liability can be a difficult field of law to understand, and Vermont has a statute of limitations of 3 years on such claims. Hiring an experienced product liability attorney is an important step in obtaining the fair compensation you deserve for your injuries.
The State of Vermont has a six-to-eight-year statute of limitations on written contracts, while oral contracts and collection of debt on accounts each have a six year statute of limitations. Judgements carry an eight-year statute of limitations.
