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Insurance is the elephant in the room that cannot be ignored when entering into a lease. A lease determiine how the parties’ liabilities are allocated; insurance determines how the parties will pay for those liabilitiies and just as important (if not more so), how the parties will pay related legal costs. Well-drafted leases blend these considerations into a cohesive whole, ensuring that the parties’ respective liabilities are backed by insurance to the fullest degree possible. It is important to...

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