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Fearing catastrophic jury verdicts for malpractice, many professionals are increasingly using liability-limiting language -- particularly waivers of punitive damages and alternate dispute resolution agreements. The current trend of the law seems increasingly toward allowing professionals to limit their liability through contractual agreement, but several regulatory agencies prohibit their use in certain circumstances. When an accountant is performing ordinary commercial services, such as management consultancy, there is no special concern, and liability-limiting language ought to be routinely enforced. The auditor-client relationship is not a fiduciary one, and the client risks only economic harm, not physical injury or death. If an agreement between an accountant and client turns out t...
... Ernst & Young LLP were subject to "'alternative dispute resolution procedures and an exclusion of ... attest services include an exculpatory clause or a limitation of remedy in the engagement letter...
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..., both of which included a forum selection clause choosing New York as the forum for litigation, sho...Meanwhile, a dispute had developed over the interpretation of t... court in Virginia, and an alternative-dispute-resolution ("ADR") clause. Id. The defenda...
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... possible violations of the Gratuities clause, for establishing qualified products lists, for su...852.233-70, Protest content/ alternative dispute resolution. 852.237-71, Indemnification an...
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... possible violations of the Gratuities clause, for establishing qualified products lists, for su...852.233-70, Protest content/ alternative dispute resolution. 852.237-71, Indemnification an...
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Mediation is said to be widely accepted by attorneys who counsel companies that engage in international commerce and the outside counsel they retain to represent them in connection with disputes. This article discusses a new clause developed by the International Centre for Dispute Resolution (ICDR) that makes it possible for parties to agree to mediate disputes at the same time that they agree to arbitrate. To remove some of the impediments to reaching an agreement to mediate, the ICDR developed the "concurrent arbitration/mediation clause." This clause provides for mediation to "start" automatically after the demand for arbitration is filed. The concurrent clause gives the parties enormous flexibility. The ICDR also prepared an alternative version of the Mediation/Arbitration Concurren...
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...1.1 Scope and Enforceability of ADR Clauses . IT contracts often contain an alternative disputte resolution (ADR) clause which requires the parties to attemptt to resolve any disputes before resorting to Court proceedings. A recent de...
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... the needs for quicker and inexpensive resolution for dispute with upholding a consumer's right to c... contracts have mandatory arbitration clauses, and so millions of consumers and employees are le..., that arbitration is a very useful alternative to the court system, but especially when the parti...
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... request which is not agreed as a form of dispute and so move on to a dispute resolution procedure s... be regarded as just standard boilerplate clauses, but which can actually have an impact on the abil... providing first for negotiation, then alternative dispute resolution (ADR), then litigation. The ADR...
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..., arbitration, or other forms of alternative dispute resolution ("ADR") (2) need legal assistan... the Court has addressed whether various clauses of the Constitution require that legal counsel be ...
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..., diminished compensation and disputes. It also means CPAs spend more time scrambling and... goes before a court, this type of clause helps defuse a client's assertion that a service w.... Seek alternative dispute resolution if there's a conflict. Some acc...