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.

Indemnity is one party's promise to protect another party from loss. This is the first of two articles that will analyze key indemnity issues as they relate to IT contracts. When negotiating a ...

Generally, indemnity agreements in construction contracts are a promise by which one party (the indemnitor) agrees to defend, indemnify, or hold harmless the other party (the indemnitee) for acts or ...

This article addresses potential issues and concerns, which may arise between General Contractors (“General”), Subcontractors (the “Sub”) and their insurers when claims by outside parties (also known ...

It makes good business sense to enter into contracts carefully, ensuring that each aspect of the contract accurately details responsibility, deliverability and cost. Many contracts contain an ...

On October 9, 2011, Gov. Brown signed SB 474, a bill that dramatically changes the rules of the game with respect to indemnity and insurance obligations found in construction contracts. This seminar ...

Indemnity clauses are included in contracts to provide a means by which the contracting parties can shift the responsibility of risk. “Indemnity clauses can expand, limit or even eliminate the ...

A company has signed a supply contract with a vendor at a fixed price. The vendor raises a tax invoice on which GST is ...

In the security business, sometimes bad things happen. People make mistakes. Lawsuits result. You cannot reduce the risk of litigation to zero – unless you stop doing business. So, you must have a ...

You can use the money from a hospital indemnity plan to pay for things your health insurance won't cover. You can use the money to pay your health insurance deductible, for example, or for the cost to ...