More On

Company can't invoke noncontractual indemnity for breach of warranty

Recent environmental case in the 7th Circuit underscores need to carefully word contracts.

In some way or another, we’ve all gotten stuck taking the blame for someone else’s mistake. One company found out the hard way that being in that position can cost hundreds of thousands of dollars.

Wilder Corp. maintained a cattle operation on 6,600 acres of land in Fulton County, Ill. In 2000, the company sold the property to the Nature Conservancy, an environmental organization, for $16.35 million. The Nature Conservancy planned on transforming the land into a nature preserve.

Wrong Wording

Environmental law experts say Wilder may have limited the damages it had to pay to the Nature Conservancy if it had worded its sales contract differently.

Danielle Feinstein

Bio and more articles

Ashley Post

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.