A waiver of subrogation is a contractual provision in which one party agrees to relinquish its (or its insurer’s) right to seek reimbursement from another party for certain losses. To fully appreciate the significance of this provision, it is helpful to first understand the concept of subrogation itself.
Subrogation is an equitable
Subordination agreements can be used to impact the priority of all lien holders, whether a bank or a contractor, on a project. In a recent decision, the Fourteenth Court of Appeals found a subordination agreement valid to subordinate an existing lien to one that had yet to be created.
In Brazoria 10.5 Ltd. v. Mac
After a company has been sued, its immediate next steps should be twofold: consult its lawyer and notify its insurance carrier. The carrier should pick up the defense and provide an attorney to represent the company for a claim covered by the applicable insurance policy. The company’s current lawyer’s (who knows
*As published in the April/May 2024 issue of Build Houston Magazine
It never hurts to stop and take a minute to read what you are signing. This is especially true when entering into a contract with a new customer, vendor or on a new project. Your company (and your attorney) will thank you later.
Subcontractors
Orignally published in ABC Houston’s Build Houston Magazine
Construction companies spend countless hours drafting agreements requiring indemnification and insurance for their projects. These obligations are prevalent for all tiers of construction industry members— from subcontractors and suppliers, to project owners. The purpose of this article is to address some considerations in anticipation of a claim