Article 7 Indemnification Case

The contract I chose to analysis is a small construction contract in Maine, and it is used when the contract value is less than $50,000.
According to the contract, Article 5 “Termination” stated that “this contract may be terminated by either party upon not less than seven days’ written notice to the other party should such other party fail to perform in accordance with the terms of this Contract. This Contract may be terminated by the Owner upon not less than seven days written notice to the Contractor for the Owner’s convenience and without case.” As the textbook said, “when the date or period of time of performance is specified in the contract, performance should be made on that date or within that time period”, and it meets the category “when time is essential”, which means the specific time is vital to both parties, the contract can be terminated in written notice not …show more content…
“The Contractor shall indemnify and hold harmless the Owner and its officers, agents and employees from and against any and all claims, liabilities and costs, including reasonable attorney’s fees, for any or all injuries to persons or property, arising from the negligent acts or omissions of the Contractor, its employees, agents, officers or subcontractors in the performance of work under this Contract.” It shows that when negligent acts or omissions of the Contractor happen, the Contractor is liable for having remedies to Owners, the Article also mentioned “this indemnity provision shall survive the termination of the Contract, completion of the project or the expiration of the term of the contract.” I believe it is great for Owners to protect their own rights and get reasonable compensation from the Contractor if injured, the liability and obligations of Contractor existed after the contract expired, it is also meets the category of “continuing liability of