Delta v. Crowdstrike: Third Party Risk Management
The Blue Screen of Death. It scared everyone who saw it. Let’s just say CrowdStrike’s update to customers’ Microsoft systems did not go according to plan. CrowdStrike later explained the error was attributed to a logic flaw in its Falcon sensor configuration update. Put differently, CrowdStrike claims it was a failure in its development process […]
Real Estate LOI Basics
Real estate letters of intent (LOIs) set forth economic terms, provide a checklist of the basic substantive terms, and serve as the starting point for attorneys to draft the formal agreements. Put differently, LOIs are the preliminary understandings of parties who intend to enter into a contract in the future “if the deal works out.’” […]
Short Post: Defining “Indemnify”
Ironically, failure to properly define the word “indemnify” is the root of significant number of lawsuits because the definition varies from state to state. In a majority of states, the duty to indemnify does not automatically include the duty to defend the indemnitee. A number of states, including California, define indemnification to cover both legal […]
