Phrases with «indemnification clause»

An indemnification clause is a legal term used to describe a provision in a contract that specifies who will be responsible for covering any losses or damages that may occur. It protects one party from potential legal or financial consequences by shifting the liability to another party mentioned in the clause. In simple terms, an indemnification clause is an agreement that determines who will be held accountable if something goes wrong. Full definition

Sentences with «indemnification clause»

  • Speaker, «Indemnification clauses in Commercial Agreements,» presentation for the legal departments of various clients, 2012. (blg.com)
  • Additionally, NAR opposes the use of indemnification clauses by Appraisal Management Companies (AMCs) which places pressure on the appraiser, compromises their independence, and has a negative effect on the quality of appraisal reports. (rismedia.com)
  • o Booking Terms & Conditions o Waiver of Liability and Assumption of Risk o Medical Consent Forms o Indemnification Clauses o Website Terms of Use (breakingtravelnews.com)
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