What is an Indemnity Clause скачать в хорошем качестве

What is an Indemnity Clause

For more information, visit: https://www.lawdepot.com/?pid=pg-BFYM... An indemnity clause is a clause in a contract which states that a party to the contract agrees to compensate the other party for any losses incurred as a result of the performance of the contract or in association with the contract. In some cases an indemnity only runs one way;for example, Party A may agree to compensate Party B in the event of a problem. However, it's also possible for an indemnity clause to go both ways, with both parties agreeing to pay compensation if liabilities or losses are incurred.