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.

Nov 24, 2025 · Indemnity clauses are a common feature in many types of contracts, serving as a mechanism to allocate risk between the parties involved. Essentially, an indemnity clause is a …

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.

Dec 30, 2024 · Explore the meaning of indemnity, its various forms, and how it operates in contracts, insurance policies, and leases. Learn from historical contexts and FAQ.

Jun 2, 2025 · Indemnity is a legal concept in U.S. law where one party agrees to compensate another for certain damages or losses. It serves as a protection mechanism, ensuring that the indemnified …

Indemnity is about compensating someone for losses, while liability refers to being legally responsible for those losses. Indemnity can arise from liability, but they are not the same thing.

Aug 29, 2025 · Indemnity represents a legal arrangement where one party commits to compensate another party for any loss or damage that has occurred or may occur. This concept serves as a …