According to Black's Law Dictionary, indemnity is "a duty to make good any loss, damage, or liability incurred by another." It's possible to limit the scope of that duty during contract negotiations.

In our last article, we considered issues relating to the scope of an IT product and service seller's obligation to indemnify—specifically, types of covered losses and claims and special issues ...

Contracting parties (and their respective lawyers) spend a substantial amount of their time during negotiations of any contract on the reliefs available to their client in the event of breach of terms ...

If you’ve ever bought a property or entered into a business contract, chances are that you’ve come across the term 'indemnity'. A letter of indemnity is often used in property as an important ...

It won’t be business as usual for large companies and the smaller trucking companies that work with them in the new year. Effective Jan. 1, companies will no longer be allowed to include “indemnity” ...

Pooja Dave began her writing career in fiction before turning to financial journalism with an interest in personal finance and insurance topics. Drazen Zigic / Getty Images Carefully read and ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Tax penalty. Appointment of court punishment for non-payment of ...