Glossary entry (derived from question below)
English term or phrase:
carves out the matter
English answer:
builds / establishes the (law suit) matter
Added to glossary by
TrueBaller
Jan 11, 2007 23:58
17 yrs ago
1 viewer *
English term
carves out the matter
English
Law/Patents
Law: Contract(s)
Dear colleagues,
the following text is taken from a tax adviser's opinion on the tax liability of his client... The handwritten note added by the tax adviser goes like this:
The company's indemnification *carves out the law suit matter*, leaving the company exposed.
To be honest, this added note is completely out of context, I don't even know what kind of indemnification he is talking about (the rest of the opinion is no problem). It's just this note I can't put into context. How do you understand "carves out" here? Any ideas?
Any input is, as always, highly appreciated. Thanks in advance to all!
the following text is taken from a tax adviser's opinion on the tax liability of his client... The handwritten note added by the tax adviser goes like this:
The company's indemnification *carves out the law suit matter*, leaving the company exposed.
To be honest, this added note is completely out of context, I don't even know what kind of indemnification he is talking about (the rest of the opinion is no problem). It's just this note I can't put into context. How do you understand "carves out" here? Any ideas?
Any input is, as always, highly appreciated. Thanks in advance to all!
Responses
+3
39 mins
TrueBaller
Professional accuracy and dedication
Native in: Albanian 
Works in: Albanian to English, English to Albanian, Albanian, and 1 more.
Related KudoZ points
:
4
English term (edited):
carves out the (law suit) matter
Selected
builds / establishes the (law suit) matter
In other words:
The company's indemnification (=compessation for loss law) builds the law suit case (or establishes it = carve out) leaving the company exposed. Apparently, the company does not have ensurance coverage for compensating its employees or something is wrong with its coverage system that, after this law suit, will leave the company exposed. I think that the tax adviser has not been clear in his writing to say "the lack of indemnification" or "the inemnification problem" in his note instead of just "indemnification" which makes the meaning of the sentence vague.
The company's indemnification (=compessation for loss law) builds the law suit case (or establishes it = carve out) leaving the company exposed. Apparently, the company does not have ensurance coverage for compensating its employees or something is wrong with its coverage system that, after this law suit, will leave the company exposed. I think that the tax adviser has not been clear in his writing to say "the lack of indemnification" or "the inemnification problem" in his note instead of just "indemnification" which makes the meaning of the sentence vague.
4 KudoZ points awarded for this answer.
Comment: "Thanks to all of you!"
24 mins
empties it of its substance
or defeats its purpose.
I don't really understand the sentence, but this is how I understand the expression.
I don't really understand the sentence, but this is how I understand the expression.
28 mins
Anton Baer
United Kingdom
United Kingdom
Native in English
&
English
Specializes in field
United Kingdom
Technology, natural sciences, AGBs
Native in: English 
Works in: German to English, Slovak to English, Czech to English, and 3 more.
Related KudoZ points
:
4
removes
As one would with a leg joint, someone at the company has 'carved out' a certain part of the indemnification policy (?) -- cut it out of the boilerplate (?), leaving the company without protection. (His note is in the margins of what text, exactly?, i.e. when you say 'tax liability', what document is the advisor referring to?) 'Matter' being either material pertinent to lawsuits in general, or a specific mention of a specific lawsuit. To 'carve up' would be to divide...
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