An indemnification clause ensures that you don’t face civil damages in several legal situations. In this article, we discuss indemnification, how it works in legal contracts, different types of indemnification, …

Sep 13, 2024 · What does indemnification mean in company law? In company law, more often referred to as business law, indemnification refers to the process of a company agreeing to compensate its …

Aug 29, 2025 · An indemnification clause functions by shifting potential financial responsibility from one party to another. This mechanism protects a party from financial harm by obligating another to cover …

Indemnification is a legal agreement by one party to hold another party blameless – not liable – for potential losses or damages.

Oct 20, 2024 · What is indemnification? Indemnification refers to the broad concept of one party compensating another for losses, damages, or liabilities, usually due to third-party claims. It’s an …

To indemnify, also known as indemnity or indemnification, means compensating a person for damages or losses they have incurred or will incur related to a specified accident, incident, or event.

Indemnification is a fundamental aspect of contract law that refers to the duty of one party to reimburse another for any losses or damages incurred. It serves as a form of protection, shielding the …

Apr 10, 2025 · When parties enter into a contract, they often include an indemnification clause to protect one or both parties from potential financial losses and cost implications.

The meaning of INDEMNIFICATION is the action of indemnifying.

What is Indemnification? Refers to the concept where one party agrees to cover the losses or damages of the other party under specific circumstances defined in the contract.