Business Law Jargon

verb to compensate for loss, damage, or injury; to secure against legal liability

• The company agreed to indemnify the supplier against any potential losses.
• Don't worry, the insurance will indemnify you in case of any accidents.
• I'll make sure to cover your back and indemnify you if anything goes wrong.
• Her kindness served as a shield to indemnify him from the harsh realities of life.

noun a civil action brought in a court of law in which a plaintiff demands a legal or equitable remedy

• The company is facing a lawsuit for breach of contract.
• They're getting sued for not holding up their end of the deal.
• They're in hot water because of that lawsuit.
• The lawsuit is like a dark cloud hanging over their heads.