According to Black's Law Dictionary, indemnity is "a duty to make good any loss, damage, or liability incurred by another." It's possible to limit the scope of that duty during contract negotiations.

A hold harmless agreement releases a party from the consequences of another's actions. Learn how and when to use a hold ...

It won’t be business as usual for large companies and the smaller trucking companies that work with them in the new year. Effective Jan. 1, companies will no longer be allowed to include “indemnity” ...

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If you’ve heard of the term indemnity, you may be wondering, “what is indemnity insurance?” Indemnity is an agreement between two parties in which one party is responsible for compensating another for ...

Contracting parties (and their respective lawyers) spend a substantial amount of their time during negotiations of any contract on the reliefs available to their client in the event of breach of terms ...