Order this Wall Street Journal Bestseller today. Written by: Patrick Shaunessy. An indemnification clause sometimes referred to as an indemnity clause or a hold harmless clause is a provision in a contract that establishes when and to what extent one party will assume liability for the losses of another. These are typically losses associated with lawsuits or other claims advanced by third parties, though they may also include losses directly suffered by the party protected by the indemnity. Although the specific risks covered by an indemnification clause will depend on a variety of factors e.
What is an indemnification clause?
Pronet Penetration Testing Service Agreement – Pronet Solutions
Climate change poses a significant challenge to our planet, our personal lives and our businesses. The vast majority of businesses operate in and benefit from the urban environment. We're here to help you negotiate the legal challenges you'll face as our cities change. Indemnities are an essential part of any contract lawyer's toolkit, and are often a hotly contested aspect of a contract negotiation.
Spotlight on contractual indemnities
Indemnification -- A standard indemnity except that Sponsor limits its liability to claims for personal injury or death and places several conditions upon its obligation to indemnify: 1 proper conduct of the study, 2 notification, and 3 right to control defense. The indemnification also gives University a right to select its own counsel. Indemnification -- For use in materials transfer agreements, University transferring. Indemnification -- For use in materials transfer agreements - University receiving. Please see our Material Transfer Agreement Checklist for information about indemnification and other issues arising in this context.
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