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#105:  Nonmutual Arbitration Agreements

NH Construction Law

Sphere Drake Insurance, PLC , 202 F.3d 2000) (“We adhere to our view that one-sided agreements to arbitrate are not favored.”). Because arbitration agreements do not specify the remedy for a breach of contract but only the forum in which the remedy will be determined, this precedent may not be conclusive. 311 F.Supp.3d

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#91:  Liability Insurance for a Subcontractor's Defective Work

NH Construction Law

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” When the subcontractor installed the expansion joints in the steam boiler and related piping backwards, the heating system got damaged.

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

INSURANCE |. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. This agreement ensures that a contractor will perform all of the duties they agreed to in the bid they placed, abiding by the terms of that government-sanctioned project.

Cash Flow 168
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PSMJ Resources Blog: XL Insurance Enters Collaborative.

PSMJ Resources

XL Insurance Enters Collaborative Agreement With PSMJ Resources, Inc. XL Insurance’s Design Professional group, specializing in professional liability insurance for architects and engineers and a part of the global underwriting operations of XL Group (NYSE: XL), and PSMJ, Resources, Inc., ► 2010. (19).

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A More Even Field: The Eleventh Circuit Overrules Its Precedent and Joins Most Circuits on the Applicability of Domestic FAA Grounds to Vacate Nondomestic Arbitration Awards[1]

Constructlaw

2010); Karaha Bodas Co. Risk Insurers v. Risk Insurers , 141 F.3d 8] It is undisputed that the “vacatur” grounds in Chapter 1 of the FAA apply to domestic arbitration proceedings. [9] 10] Yet guidance concerning the application of Chapter 1’s “vacatur” standards to nondomestic awards has been less clear. 4th 876, 880 (11th Cir.

AIC 52
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New Law Affects Louisiana Construction Contracts in 2011

Construction Law Monitor

A new law spawned by the 2010 Louisiana legislative session will effect construction contracts in the state, but has received relatively little attention. The terms of their agreement are the terms of their agreement, and courts are required to enforce them. I speak of Senate Bill 625 (Act 492), which created La.

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Recent Downturn in Architecture Firm Billings Accelerates

PSMJ Resources

While the recession marked a steady decline in billings starting a few years ago, things looked to be on the upswing as numbers increased in the fourth quarter of 2010 and into the first quarter this year. More firms buying more insurance. XL Insurance Enters Collaborative Agreement With P. ► 2010. (19).