Chancery Distinguishes Between Promise and Condition in Contract to Deny Indemnification Claim
In TravelCenters of America LLC v. Brog, (Del. Ch., Dec. 5, 2008), read opinion here, the Chancery Court denied a claim for indemnification based on the argument that the provisions of the parties' LLC agreement were breached. The Court reached this conclusion notwithstanding its reasoning in an earlier opinion that...
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