As used in website development contracts, indemnification typically concerns whether the vendor will defend you in court if you later get sued for your use of the technology, including Intellectual ...

Indemnity provisions appear in almost all commercial contracts, from leasing agreements to service contracts and supply contracts. In many industries, standardized form contracts prepared by trade ...

Despite their importance and prevalence in almost every sales contract, indemnity clauses are often poorly worded, overly broad, misunderstood and ignored. We see a lot of unnecessary legal spend ...

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 Letter of Indemnity (LOI) protects parties in contracts by ensuring obligations are met or compensation is provided. Learn ...

As a follow-up to last month’s posts regarding contract provisions impacting intellectual property ownership, in this month’s Contract Corner we review issues regarding intellectual property ...

Plan sponsors should ask for indemnification clauses when they enter into contracts with service providers and retirement plan advisers, experts say. Indemnification clauses are promises by the ...

This story appears in the March 30 print edition of Transport Topics. Spurred by trucking industry leaders, more states this year are banning contracts that shift liability for any incident that ...

Generally, indemnity agreements in construction contracts are a promise by which one party (the indemnitor) agrees to defend, indemnify, or hold harmless the other party (the indemnitee) for acts or ...

PENNSYLVANIA (WTAJ) — A representative wants to shift the responsibility placed by contractual liability. In a memo ...

Plan sponsors should ask for indemnification clauses when they enter into contracts with service providers and retirement plan advisers, experts say. Indemnification clauses are promises by the ...