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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
- 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
- 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 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
- indemnification - Meaning in law and legal documents, Examples and FAQs . . .
Indemnification is about compensating someone for losses, while liability refers to being legally responsible for those losses In other words, if you are liable, you may have to pay damages, but indemnification means someone else will cover those costs on your behalf
- INDEMNIFICATION Definition Meaning - Merriam-Webster
The meaning of INDEMNIFICATION is the action of indemnifying
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