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 …

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 …

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.

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.

Aug 31, 2025 · Indemnity is a fundamental legal principle providing protection against potential financial loss or damage. It represents a commitment by one party to compensate another for …

Sep 30, 2025 · Indemnification clauses are often one of the trickiest parts of a contract, but also one of the most important. In plain terms, these clauses explain who’s responsible if …

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 …

What is Indemnity? The word indemnity means security or protection against a financial liability. It typically occurs in the form of a contractual agreement made between parties in which one …

Indemnity is protection or security against damage or loss, or compensation for damages or money spent. Insurance coverage provides indemnity to a person (or organization) by insuring …