This book examines contractual limitation, principles and practice through the use of knock-for-knock indemnity clauses. The book is useful for lawyers, economists and businesspeople who draft, negotiates or manage contracts in all industries where liability is dealt with in this way.

Editors Preface, List of Contributors, PART I - SELECTED TOPICS, 1. The Development of Knock-for-Knock Clauses in the last 15 years, 2. An Introduction to Risk Allocation in Oil and Gas Contracts from an English Law Perspective, 3. Contracting around Tort Defaults: the Knock-for-Knock Prinicple and Accident Costs, 4. On Knock-for-Knock Clauses and Their Optimal Regulation, 5. Knock-for-Knock Indemnity Provisions and Liability Insurance: Potentially Strange but Always Complicated Bedfellow, 6. Effect of Choice-of-Law on Knock-for-Knock Clauses, PART 2 - KNOCK-FOR-KNOCK IN SPECIFIC JURISDICTIONS, 7. Indemnity clauses in fabrication and construction contracts in Norway, 7a. Limiting and Channeling Liability under Offshore Construction Contracts in Norway, 7b. The Obligation to Insure the Contract Object as Part of a Knock-for-Knock Agreement in Norway, 8. Liability and Insurance Clauses in Contracts for Vessel Services in the Norwegian Offshore Sector - the Knock for Knock Principle, 9. Contractual Risk Allocation in Upstream Oil and Gas vs. Statutory Liability Regulation: the Norwegian Situation, 10. Applying Knock-for-Knock in Germany, 11. Knock-for-Knock under Brazilian Law, 12. The Implications of Litigation Post Deepwater Horizon on Knock-for-Knock Clauses in U.S. Law, 13. Hold Harmless Clauses in France and Francophone Civil Law Systems, 14. Lessons from the Application of Knock-for-Knock Clauses under Malaysian Law, 15. Index