This wording is in every contract! Each party covers themselves in contract wording!
The link below is common contract wording. Start at #18. # 19 explains it the best for that statement posted! You will see a lot of similar statements that are recommended in any contract. Any Lawyer would recommend this wording to be included! Unless the Lawyer in not very smart in contract wording! https://www.entrepreneur.com/amphtml/191778
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