noun a noun referring to the act of indemnifying or the state of being indemnified, which means to secure against legal liability or loss
Indemnification provisions are often included in real estate contracts to allocate responsibility for certain liabilities or risks.
Indemnification clauses are commonly found in contracts to protect one party from financial loss or liability resulting from certain actions or events.
In finance, indemnification agreements may be used to protect parties involved in transactions from potential risks or losses.
Indemnification is an important aspect of business agreements, ensuring that parties are protected from potential legal or financial consequences.
Indemnification is a key concept in insurance policies, where the insurer agrees to compensate the insured for covered losses or damages.
Writers may include indemnification clauses in their contracts with publishers to protect themselves from legal claims related to their work, such as plagiarism or defamation.
Psychologists may be required to provide indemnification to their clients as part of their professional liability insurance coverage, protecting them from financial losses due to malpractice claims.
Contractors often include indemnification clauses in their agreements with clients to protect themselves from liability for any damages, injuries, or losses that may occur during the course of their work.
Financial advisors may offer indemnification to their clients as part of their services, guaranteeing that they will compensate clients for any losses incurred due to the advisor's negligence or misconduct.
Technology companies may include indemnification provisions in their software licensing agreements, promising to defend and compensate customers in the event of intellectual property infringement claims related to the software.
Medical professionals are often required to have indemnification coverage as part of their malpractice insurance, protecting them from legal claims and financial liabilities arising from medical errors or negligence.
Real estate agents may include indemnification clauses in their contracts with clients, ensuring that they will be protected from legal claims related to the sale or purchase of properties.
Consultants may offer indemnification to their clients as part of their services, guaranteeing that they will compensate clients for any losses incurred due to the consultant's advice or recommendations.