Indemnifying someone means that you will compensate someone for their harm or loss. In the majority of contracts, an indemnification clause exists to pay a party for harm or loss caused …

The meaning of INDEMNIFICATION is the action of indemnifying.

Sep 13, 2024 · In the business world, indemnification is a safety net, providing parties with financial protection from loss or damages that result from another’s actions. This often leads to …

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 …

The electricity company agreed, providing he bought insurance indemnifying it against any claims. US forces are indemnified for acts of war. The modern commercial environment requires that …

What does indemnification mean? Indemnification is the act of providing protection or security against potential damages or loss or compensating someone for damages or money spent.

Apr 10, 2025 · An indemnity involves one party paying a specific form of loss directly to the other. Therefore, an indemnity is a primary obligation, while a guarantee is a secondary obligation.