Insurance is therefore crucial when it comes to the good neighbour arrangement. This article looks at what these agreements are, the advantages, and the disadvantages they pose to borrowers and lenders considering their loose nature.
Insurance against ‘good neighbor’ risks.
This article investigates the dynamic of ‘good neighbour’ contracts, in which operators jointly share resources. It emphasizes the importance of learning about possible dangers despite pointing out the two-sidedness and benefits of such arrangements. However, the core issues relate to clarity of roles or responsibilities and proper insurance coverage when one party fails to honour informal arrangements made.
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Source: TT Publications
