Examining the Latest Legal Developments and their Impact

Tag: NJ attorney

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What is RPC Rule 8.3?

Every attorney is compelled to be responsible to maintain the integrity of the legal profession. Every lawyer is bound by a set of legal ethics and they must adhere to them in order to protect the integrity of the profession. Many people have often asked what an attorney should do if they are aware of unethical actions committed on the part of another attorney or legal professional. Are they bound by the law to report these types of actions, or are they exempt? Whenever an attorney becomes aware of unethical actions committed by another legal professional they are required to report the professional misconduct to the ethics committee in New Jersey. Every attorney is required to follow the Rules of Professional Conduct (RPC) including Rule 8.3 which states that a lawyer must report unethical behaviors.

What is an Indemnity Agreement?

indemnity agreement

When an indemnity agreement is set in place, financial responsibility is decided.  Indemnification according to Black’s Law Dictionary, is “a duty to make good any loss, damage or liability incurred by another.” In general it means to “hold harmless” such that one party will hold another harmless in the case of damage or loss. Therefore, indemnification is the act of not being held liable, or of being protected from costs associated with damages. The costs are shifted to another party who is held liable and will have to pay for any such losses. Indemnity also comes with the understanding that when a party is injured, they have a right to claim compensation or reimbursement for any loss or damages. It can also refer to being compensated for damages or loss that occurs because of the action of a separate party. Or it can be described as a sort of legal exemption from having to pay any type of loss or damage in cases where an indemnity clause is included in a contract.