Liability Cap News Today

When two companies negotiate a subcontract in support of a federal government prime contract ("federal subcontract"), they may include provisions capping their liability to each other...

It is often appealing for businesses that are under pressure to get contracts signed to turn to template documents. While these templates can be very convenient, it is imperative,...

This User Agreement applies to chronicle.com and the other Web sites operated from time to time by The Chronicle of Higher Education Inc.

For utility companies? >> no, i havent heard too many people calling for that. some democrat lawmakers would like to see it raised, but this liability cap was just approved just a couple years ago for another 20 years so people say its fairly unlikely it will be changed any time soon. >> this is quite a bill for the taxpayers if we did see a nuclear meltdown or disaster like that one. steve, we appreciate you breaking down that for us. >> thanks. >> women over 40 are having more babies. elizabet...

Simultaneously raising salary for many county employees. the county commissioner will most likely schedule a special election to fill the remainder of alvarezs term there. the soyuz capsule carrying scott kelly and two russian cosmonauts landed safely in snowy kazakhstan. they have been up on the international space station for five months now. the three men bundled up in blankets. scott kelly is the twin brother of the husband of gabrielle gifford giffords. experts say taxpayers not utiliti...

A beautiful shot of the white house this morning where the president is home alone on his 49th birthday. happy birthday, mr. president. michelle obama and their daughter are overseas heading to spain for a vacation there. sot president is going up to chicago and spend the day there on his birthday and do some fund-raisers and a lot of news this morning about the gulf crisis. despite public anger over the gulf crisis an energy bill that would have removed $75 million liability cap on energy com...

Up and get out of town once the well is capped, even though the companys ceo insists they are in it for the long hall. check out this picture just yesterday. scientists say theyre seeing very little oil on the waters surface. louisiana locals say this picture is proof theres still a lot of work to be done. former bp ceo tony hayward is defending himself. >> i became a villain for doing the right thing, but i understand that people find it easier to vilify an individual more than a company. thi...

Apply. in this instance, it doesnt apply. bp is on the hook for everything. and, so, what you do with removing the cap entirely is you mean that there is only about four companies that can lease out there. right now independent oil companies, which will be driven out by the lack of a liability cap, do about 90% of the leasing. they create about 300,000 jobs, so this bill is full of great words. its full of bad effect. >> in fact, supporters of this bill say that theyre not surprised that you are...

Too far. joining me now, congressman bill cassidy, republican from louisiana. thanks very much for joining us, congressman. as we said, the house bill eliminates $75 million in a liability cap. it sets new safety standards and puts money towards a gulf restoration. so why are you against it? >> couple things. lets work backwards. it does not put money towards gulf restoration. it says we should do this but the tax and levees that puts upon oil produced domestically. by the way, $2 a barrel and i...

He intends to revisit, but it is not just something they could get done before the election. >> cap and trade is almost like the curse words to say it. cap and trade. >> you can be sure if they revisit it, it will be called something else. i can assure you of that. >> and how about the republicans? >> well, i talked to a aide who is not particularly happy about the timing of the legislation and saying that there is no way to get anything passed by september. it was a press release and a check th...