Clear explanations of 500+ contract clauses, written in plain English for businesses and individuals.
This clause requires insurance against theft, fraud, or dishonesty by employees. For example, if an accountant steals £50,000 from the till or a manager embezzles company funds, fidelity insurance reimburses the company for the loss. This matters leg
Read More →This clause requires the company to buy insurance that protects its directors and officers (senior managers) if they are personally sued for decisions they make at work. For example, if a director is sued for negligence or breach of duty, this insura
Read More →This clause requires you to buy life insurance on a critical employee—for example, your company's only software engineer or your CEO. If that person dies, the insurance pays your company a lump sum to cover the cost of finding and training a replacem
Read More →This clause requires you to buy insurance that pays your lost income if your business is forced to shut down due to a covered event—like a fire, flood, or (in modern policies) a pandemic. If your factory burns down and you can't operate for three mon
Read More →This clause requires you to carry insurance covering injuries or damage caused by products you sell or supply. For example, if you sell furniture and someone is injured because a chair collapses, product liability insurance pays their claim. The clau
Read More →This clause requires you to buy insurance that covers data breaches, ransomware attacks, and other digital security incidents. The clause typically sets a minimum coverage amount (for example, £5 million) and may require you to notify the other party
Read More →This clause requires you (or your company) to carry insurance that covers injuries or illnesses your employees suffer at work. The clause specifies a minimum amount you must be insured for—for example, £10 million in the UK. This matters because if a
Read More →This clause sets how much the vendor will pay if their software causes physical injury or property damage—for example, if a bug in their system causes your office equipment to malfunction and injures someone. Public liability is different from profes
Read More →This clause sets how much money the vendor will pay if their software causes you professional or financial harm—for example, if a bug causes you to give wrong advice to your clients and they sue you. "Indemnity" means the vendor agrees to cover your
Read More →OEM stands for "Original Equipment Manufacturer." This clause lets you embed or bundle the vendor's software into your own product and resell it to end customers. It's a low-risk clause because it's typically straightforward: you pay a per-unit fee,
Read More →Get instant AI-powered risk analysis. No legal degree required.
Get Started Free