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LLC Agreements Indemnification

Morris James LLP

Delaware Supreme Court Rejects Fraud Defense To Advancement

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Delaware strongly protects a party’s right to advancement of attorney’s fees. This decision holds that a claim of fraudulent inducement cannot be asserted as a defense in a contractual advancement case even when the fraud is...more

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Advancement Rights of Present and Future Officers Under LLC Agreement

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Advancement and indemnification rights are vital in attracting the best and brightest individuals to serve as managers of Delaware entities. Those rights are meant to provide managers of Delaware entities comfort when...more

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