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Indemnity definition: protection or security against damage or loss.. See examples of INDEMNITY used in a sentence.
What is an Indemnification Agreement? An indemnification agreement, also called an indemnity agreement, hold harmless agreement, waiver of liability, or release of liability, is a contract that provides a business or a company with protection against damages, loss, or other burdens. This type of contract allows businesses t
INDEMNIFY的意思、解释及翻译：1. to pay or promise to pay someone an amount of money if they suffer damage or loss: 2. to…。了解更多。
In contract law, an indemnity is a contractual obligation of one party (the indemnitor) to compensate the loss incurred by another party (the indemnitee) due to the relevant acts of the indemnitor or any other party.
Feb 1, 2023 · Here, A is obliged to indemnify B for the damage. A asks B to invest money in C’s business and contract to indemnify him if he suffers any loss. B suffered a loss of Rs 1,00,000/-. According to the contract of indemnity entered into by A and B, A must indemnify the damages and other costs to B. Parties to a contract of indemnity
INDEMNIFICATION meaning: 1. the act of paying or promising to pay someone an amount of money if they suffer damage or loss…. Learn more.
Define indemnify. indemnify synonyms, indemnify pronunciation, indemnify translation, English dictionary definition of indemnify. tr.v. in·dem·ni·fied , in·dem·ni·fy·ing , in·dem·ni·fies 1. To protect against damage, loss, or injury; insure.
