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Keyword Suggestion
Related websites
Indemnification: Understanding an Indemnification Clause
WEBAn indemnification clause ensures that you don’t face civil damages in several legal situations. In this article, we discuss indemnification, how it works in legal contracts, different types of indemnification, examples, and more. Let’s start by looking at its definition.
Contractscounsel.comIndemnification Definition & Meaning - Merriam-Webster
WEB1. a. : the action of indemnifying. b. : the condition of being indemnified. 2. : indemnity sense 2b. Synonyms. compensation. damages. indemnity. quittance. recompense. recoupment. redress. remuneration. reparation. reprisal (s) requital. restitution. satisfaction.
Merriam-webster.comIndemnification Clauses in Commercial Contracts - Thomson …
WEBWhat is indemnification? indemnification, also referred to as indemnity, is an undertaking by one party (the indemnifying party) to compensate the other party (the indemnified party) for certain costs and expenses, typically stemming from third-party claims.
Legal.thomsonreuters.comINDEMNIFICATION | English meaning - Cambridge Dictionary
WEBthe act of paying or promising to pay someone an amount of money if they suffer damage or loss: They asked for some form of indemnification in case the proposed deal was …
Dictionary.cambridge.orgIndemnity - Wikipedia
WEBIn contract law, an indemnity is a contractual obligation of one party (the indemnitor) to compensate the loss incurred by another party (the indemnitee) due to the relevant acts of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless".
En.wikipedia.orgIndemnity: What It Means in Insurance and the Law - Investopedia
WEBFeb 25, 2024 · Indemnity is a comprehensive form of insurance compensation for damage or loss. In an indemnity arrangement, one party agrees to pay for potential losses or damage caused by another party.
Investopedia.comindemnify | Wex | US Law | LII / Legal Information Institute
WEBTo indemnify, also known as indemnity or indemnification, means compensating a person for damages or losses they have incurred or will incur related to a specified accident, incident, or event.
Law.cornell.eduIndemnify Examples, Processes - Legal Dictionary
WEBAug 27, 2015 · To indemnify means to compensate another party for losses or damages that have occurred, or which may occur in the future. It is a common practice for one party to guarantee it will compensate another party for any loss that may occur due to a contractual obligation. To explore this concept, consider the indemnify definition.
Legaldictionary.netINDEMNIFICATION Definition & Meaning | Dictionary.com
WEBindemnification is commonly used in legal contracts to secure protection against being sued or held responsible for an accident. indemnification can also refer to the state of …
Dictionary.comIndemnification - Definition, How it Works, Importance
WEBindemnification is a legal agreement by one party to hold another party blameless – not liable – for potential losses or damages. It is similar to a liability waiver but is usually more specific, applicable only to particular items, circumstances, or situations, or in regard to a particular contract .
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