Indemnification & Liability Clause

 Clarification and revision to Paragraph 24 of the LPP Independent Contractor Agreement.

Independent Contractor agrees to indemnify and hold harmless the Company, Lost Pet Professionals, it's heirs, assignees, owners, employees and others so related from any and all claims, demands, losses, causes of action, damage, lawsuits, judgments, including attorneys' fees and costs, to the extent caused by or arising out of, or relating to the work product/search of Independent Contractor. In no event shall the maximum liability to the Company hereunder exceed the sum of the company's percentage and participation in the total profit as per the Independent Contractor Agreement signed by you.

Should the individual search/case work be completed and the Independent Contractor receives a larger percentage than as stated in the Independent Contractor Agreement, then the percentage paid to the Independent Contractor will be the adjusted liability for the Independent Contractor.

 

 

Example:

If your split on the individual search/work is:

50/50 Company's shared liability will not exceed 50%

55/45 Company's shared liability will not exceed 45%

60/40 Company's shared liability will not exceed 40%

65/35 Company's shared liability will not exceed 35%

70/30 Company's shared liability will not exceed 30%

75/25 Company's shared liability will not exceed 25% 

80/20 Company's shared liability will not exceed 20%

85/15 Company's shared liability will not exceed 15%

90/10 Company's shared liability will not exceed 10%

95/5 Company's shared liability will not exceed 5%

100% to Independent Contractor Company will not share in any liability. 

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