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   What does 'indemnity' mean?

   • Indemnities may also be referred to as or include the wording “hold harmless”. This echoes the promises that one party agrees to hold the other party harmless, as though no damage was done to them. The party providing the promise is known as the “indemnifier”. The person who is covered by the promise is the “indemnified”.

   Do I Need an Indemnity Clause? | LegalVision

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   What is an indemnity form?

   • An indemnity form is a contractual document where one party (the indemnitor) agrees to compensate another party (the indemnitee) for any losses or damages incurred. This form is commonly used to transfer risk from one party to another, ensuring that the indemnitee is protected from potential liabilities arising from specific actions or events.

   What is an Indemnity Form and How Does It Work? | Legalese

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   What is an indemnity clause?

   • Indemnity clauses are contractual provisions that allocate the risk of loss or liability between the parties involved in a transaction or agreement. They are often used to protect one party from being held responsible for the actions or omissions of another party, or for damages arising from a specified event or circumstance.

   Indemnity: Indemnity clauses and how to limit your liability

   fastercapital.com/content/Indemnity--Indemnity-clauses-and-how-to-limit-your-liability.html

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   Why is indemnity important in a contract?

   • Indemnity is a crucial concept in contracts as it plays a significant role in limiting liability and protecting parties involved. It refers to the legal obligation of one party to compensate or reimburse another party for any losses, damages, or expenses incurred due to specified events or actions....

   Indemnity: Indemnity clauses and how to limit your liability

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2. www.fiffiklaw.com › post › demystifyingDemystifying Indemnification Clauses in Contracts

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   Jun 18, 2024 · An indemnification clause is a contractual provision in which one party agrees to compensate or reimburse the other party for specific losses, damages, liabilities, or expenses resulting from the contract or certain defined events. Essentially, it shifts the risk of certain potential losses from one party to another.

3. djholtlaw.com › what-are-indemnification-provisionsWhat Are Indemnification Provisions? | Holt Law

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   1 day ago · Indemnification can mean either: Compensation for loss, harm, or undue hardship; or. A security that protects an individual from legal liability by shifting the liability to another party. The definition we’re interested in for the purposes of contractual indemnification provisions is the latter—a security that protects an individual from ...

4. Videos

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     investopedia.com

     What Is Indemnity Insurance? How It Works and Examples

     Dec 31, 2008

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     investopedia.com

     Indemnity: What It Means in Insurance and the Law

     Dec 31, 2008

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     8:27

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     What is Indemnification | Indemnification Clauses and Indemnity Explained

     Aug 31, 2020

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5. fastercapital.com › content › UnderstandingUnderstanding Indemnification Agreements - FasterCapital

   fastercapital.com › content › Understanding

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   Jun 19, 2024 · At its core, indemnification is a promise by one party (the indemnifier) to compensate another (the indemnitee) for losses incurred due to the actions or omissions of the indemnifier or third parties. From a legal standpoint, indemnification agreements are viewed through various lenses.

6. fastercapital.com › content › Indemnity--IndemnityIndemnity: Indemnity clauses and how to limit your liability

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   Jun 18, 2024 · - Define the scope and extent of the indemnity, such as the types of claims, damages, liabilities, costs and expenses that are covered or excluded. - Specify the conditions and procedures for invoking the indemnity, such as the notice, cooperation, and settlement requirements.

7. www.thesjslawfirm.com › dont-ignore-theDON’T IGNORE THE INDEMNIFICATION PROVISIONS IN YOUR CONTRACTS!

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   Jun 20, 2024 · To indemnify means to make compensation for incurred hurt, loss, or damage. Therefore, an indemnification provision is an agreement between two (or more) parties obligating one party (the indemnifying party) to compensate the other party (the indemnified party) for losses or damages that may result from the transaction taking place.

   • Author: Shavon Smith

8. legalvision.com.au › need-indemnity-clauseDo I Need an Indemnity Clause? | LegalVision

   legalvision.com.au › need-indemnity-clause

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   Jul 9, 2024 · As mentioned, an indemnity is a contractual promise made by one party to the other that they will compensate the other party for loss or damage suffered by the other party during the performance of the contract. Indemnities may also be referred to as or include the wording “hold harmless”.

9. legalese.co.za › what-is-an-indemnity-form-and-howWhat is an Indemnity Form and How Does It Work? | Legalese

   legalese.co.za › what-is-an-indemnity-form-and-how

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   Jun 25, 2024 · An indemnity form is a contractual document where one party (the indemnitor) agrees to compensate another party (the indemnitee) for any losses or damages incurred. This form is commonly used to transfer risk from one party to another, ensuring that the indemnitee is protected from potential liabilities arising from specific actions or events.