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, …

Indemnities form the basis of many insurance contracts; for example, a car owner may purchase different kinds of insurance as an indemnity for various kinds of loss arising from operation of the car, …

Sep 13, 2024 · 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 …

Oct 20, 2024 · 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 …

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.

The meaning of INDEMNIFICATION is the action of indemnifying.

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 is a legal agreement by one party to hold another party blameless – not liable – for potential losses or damages.

Apr 10, 2025 · When parties enter into a contract, they often include an indemnification clause to protect one or both parties from potential financial losses and cost implications.

Indemnification, at its core, is a legal promise where one party agrees to cover the losses, damages, or legal costs that another party might face. It’s a tool for transferring risk from one person or company …