Indemnification

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    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.com


    Indemnification 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.com


    Indemnification 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.com


    INDEMNIFICATION | 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.org


    Indemnity - 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.org


    Indemnity: 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.com


    indemnify | 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.edu


    Indemnify 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.net


    INDEMNIFICATION 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.com


    Indemnification - 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 .

    Corporatefinanceinstitute.com


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