The Intellectual Property Law Server

Welcome, Guest. Please Login or Register.
Dec 9th, 2019, 12:00pm

Forums Forums Help Help Search Search Members Members Calendar Calendar Login Login Register Register
   Intellectual Property Forums
Patent Infringement
(Moderators: Forum Admin, JimIvey, JSonnabend)
   LLC Indemnification Agreement
« Previous topic | Next topic »
Pages: 1  Reply Reply Send Topic Send Topic Print Print
   Author  Topic: LLC Indemnification Agreement  (Read 635 times)


Posts: 32
LLC Indemnification Agreement
« on: Oct 11th, 2007, 7:14pm »
Quote Quote Modify Modify

Indemnification Agreement:
It is strongly recommend that you include special provisions in your Articles of Incorporation and additional Corporate agreements which trigger this important protection requiring the Corporation to indemnify and hold harmless it's Directors and Officers from any actions they take on behalf of the Corporation. If a Director or Officer is ever sued for actions taken on behalf of the Corporation, these provisions require that the Corporation be held responsible, as agreed upon by the Directors and Officers and the Corporation.
Is this a fluff statement or should this be done to better protect the LLC members/single owner?
Would it go further to protect the LLC members/single owner against patent infringment willful or otherwise?
IP Logged
Bill Richards
Full Member

WWW Email

Posts: 758
Re: LLC Indemnification Agreement
« Reply #1 on: Oct 20th, 2007, 3:37pm »
Quote Quote Modify Modify

You seem to be mixing corporation terminology with LLC terminology.  Regardless, this issue is governed by state law.
IP Logged

William B. Richards, P.E.
The Richards Law Firm
Patents, Trademarks, and Copyrights
Pages: 1  Reply Reply Send Topic Send Topic Print Print

« Previous topic | Next topic »
Powered by YaBB 1 Gold - SP 1.3.2!
Forum software copyright 2000-2004 Yet another Bulletin Board