Indemnities
/ɪnˈdɛm.nɪ.tiz/
Definitions
- (n.) Amounts payable or compensation provided to cover losses or damages, often stipulated in contracts.
The contract included indemnities to protect the seller from any future claims.
Forms
- indemnity
Related terms
See also
Commentary
Indemnities typically appear in contractual contexts to allocate risk and financial responsibility between parties.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.