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  1. Feb 25, 2024 · Indemnity is compensation for damages or loss, and in the legal sense, it may also refer to an exemption from liability for damages. The concept of indemnity is based on a contractual agreement ...

  2. Definition of indemnification noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

  3. Definition of indemnification noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

  4. Indemnification clauses that are too broad or general may lead to problems. For example, a company that rents machinery may want to be indemnified against being sued if someone is injured while operating the machinery. However, it would be unreasonable to grant the company that rents out the machinery blanket indemnification against any legal ...

  5. Indemnification definition: . See examples of INDEMNIFICATION used in a sentence.

  6. Indemnify definition: to compensate for damage or loss sustained, expense incurred, etc.. See examples of INDEMNIFY used in a sentence.

  7. Indemnification can also cover direct claims, which are claims or causes of action that one contracting party has against the other. Why are indemnification provisions important? Indemnification clauses allow a contracting party to: Customize the amount of risk it is willing to undertake in each transaction and with every counterparty