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- Indemnification: Understanding an Indemnification Clause
An 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
- What is Indemnification? A Comprehensive Guide | UpCounsel
What does indemnification mean in company law? In company law, more often referred to as business law, indemnification refers to the process of a company agreeing to compensate its officers, directors, and employees for certain liabilities or legal costs that arise from the company’s actions
- Indemnification Clauses in Commercial Contracts - Thomson Reuters
What is indemnification? Indemnification refers to the broad concept of one party compensating another for losses, damages, or liabilities, usually due to third-party claims It’s an agreement that safeguards one party against the financial impacts of specific actions or events
- Indemnification - Definition, How it Works, Importance
Indemnification is a legal agreement by one party to hold another party blameless – not liable – for potential losses or damages
- Indemnification Clauses in Contracts: Purpose Key Implications
Indemnification clauses are crucial contractual provisions that allocate financial responsibility for specific losses These clauses offer several advantages, including the distribution of financial risk and protection against claims from external parties
- indemnify | Wex | US Law | LII Legal Information Institute
To 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
- What Is Indemnification? - American Legal Journal
When parties enter into a contract, they often include an indemnification clause to protect one or both parties from potential financial losses and cost implications
- What is Indemnification? Indemnification Clauses Explained - OFlaherty Law
Indemnification is a fundamental aspect of contract law that refers to the duty of one party to reimburse another for any losses or damages incurred It serves as a form of protection, shielding the indemnified party from financial harm
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