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.
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Indemnity in insurance: What does it mean? How it works, and why it matters – explained
What is Indemnity: From health insurance claims to business contracts and day‑to‑day financial decisions, indemnity is one of those concepts that quietly protects people without them even noticing. It ...
Lawyers are often asked to prepare and negotiate agreements with architects and contractors. When using standardized industry form agreements such as the American Institute of Architects Contract ...
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