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, …

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.

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 …

The meaning of INDEMNIFICATION is the action of indemnifying.

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

Indemnities form the basis of many insurance contracts; for example, a car owner may purchase different kinds of insurance as an indemnity for various kinds of loss arising from operation of the car, …

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 …

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 …

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.

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 …