3 Jan

Limiting Professional Liability through the Professional Services Agreement

by , and , on Articles

The importance of the written agreement between the professional and his or her client cannot be overstated. A written agreement will define the duties and responsibilities of the parties, allocate risk and reward for a particular project or engagement, and govern how disputes are resolved. In some cases, written agreements are required by insurance companies or by law. Despite this, written agreements and their critical terms are often afterthoughts for professionals, who are typically and …

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