madeofteflon
Junior Member
What is the name of your state (only U.S. law)? Illinois.
I'm considering doing "expense reduction audits" for hotel & resort properties. This is done on a contingency fee basis. (no cost savings found, no fee). The outright disclaimer is that there is no guarantee that any savings will be discovered. My main concern is the cost of E&O insurance. Can language be written into a contract that basically protects me from lawsuits other than the normal "general liability" kind (i.e., non-performance)? In addition, can some type of disclaimer be written that says "the final decision as to the validity" of the obeservations/findings rest with the client? In other words, I'm looking for contract language that will lower my risk and decrease the cost of professional liability insurance (O&E). Thanks.
I'm considering doing "expense reduction audits" for hotel & resort properties. This is done on a contingency fee basis. (no cost savings found, no fee). The outright disclaimer is that there is no guarantee that any savings will be discovered. My main concern is the cost of E&O insurance. Can language be written into a contract that basically protects me from lawsuits other than the normal "general liability" kind (i.e., non-performance)? In addition, can some type of disclaimer be written that says "the final decision as to the validity" of the obeservations/findings rest with the client? In other words, I'm looking for contract language that will lower my risk and decrease the cost of professional liability insurance (O&E). Thanks.