Product Manufacturers, distributors, and retailers are all links in the same supply chain. Each has independent legal obligations to the ultimate consumer, but those obligations are intertwined. When one party fails to perform its responsibilities, it creates legal exposure for other parties. This raises two questions:
How should supply chain partners allocate risk.
How can supply chain partners minimize risk during litigation.
This presentation answers each of those questions. Part one addresses contractual provisions supply chain partners can use to allocate risk fairly. Part two addresses risk mitigation strategies for supply chain partners actively engaged in litigation.
What you will learn:
How supply chain partners can use contractual provisions to allocate risk, including:
insurance provisions; and
remedies & limitation of damages provisions.
How to use joint defense agreements to mitigate risk, including: