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 …

Sep 18, 2025 · Indemnity is a contractual agreement, commonly found in insurance policies, in which one party agrees to compensate the other for potential losses or damages in exchange for premium …

The meaning of INDEMNITY is security against hurt, loss, or damage. How to use indemnity in a sentence.

INDEMNITY definition: 1. protection against possible damage or loss, especially a promise of payment, or the money paid…. Learn more.

Jul 18, 2025 · Learn how an indemnity agreement works to shift financial risk and how its specific terms define the scope of one party's legal protection from loss. An indemnity agreement is a contract …

An indemnity is an amount of money paid to someone because of some damage or loss they have suffered.

Jan 17, 2025 · What Is Indemnity and Why Is It Important? Indemnity is an important element of contracts because it is designed to punish a party who breaches the contract. Learn about the …

Indemnity is a type of insurance that covers a wide range of damages and losses. In the indemnity clause, one party commits to compensate another party for any prospective loss or damage.

Jul 23, 2025 · Indemnity protects you from losing money or getting hurt. It means that one party pays another for possible responsibilities. The word "Indemnity" is often used in insurance policies. Its goal …

Nov 27, 2025 · What Is an Indemnification Agreement? Essential guide to indemnification: learn how contracts allocate financial risk, define liability scope, and manage the claims process.