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> If travelers keep their side of the agreement, the group will cover any of the roughly $180 fines that might result. What an ingenious and devious applicatio
by nostromo 12y ago
> If travelers keep their side of the agreement, the group will cover any of the roughly $180 fines that might result.
What an ingenious and devious application of risk pooling.
Imagine risk pools being created for other fines, like tax evasion penalties or speeding tickets. I wonder if such agreements are legal?
- viraptor 12y agoI guess that the patent / IP infringement indemnity clauses in business contracts come close to that. The company offering the service takes the risk of being sued, but offsets that with money earned from the contract. Quite popular and apparently legal.