Legal Question in Business Law in California

What does this mean: However notwithstanidng any provision hereof to the contrary, the folllowing shall govern: Any indemnification shall be fully subordinated to any obligations respecting the Company property and shall not constitute a claim against the company in the event that cash flow is insufficient to pay such obligations


Asked on 2/21/12, 3:05 pm

4 Answers from Attorneys

Without full context, it is absolutely meaningless.

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Answered on 2/21/12, 3:18 pm
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Best guess is, "We don't have to pay you if we don't feel like it." Don't sign before having the entire contract reviewed by a lawyer.

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Answered on 2/21/12, 4:29 pm
Anthony Roach Law Office of Anthony A. Roach

I agree with Mr. McCormick. Contracts are not interpreted by the courts, or by competent attorneys, by reading clauses in isolation. The entire document is read, reading the clauses in context.

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Answered on 2/22/12, 8:31 am


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