Indemnity Clause
/ɪnˈdɛm.nɪ.ti klɔz/
Definitions
- (n.) A contractual provision requiring one party to compensate another for certain losses or damages.
The indemnity clause in the contract protects the client from financial loss due to the contractor's negligence.
Forms
- indemnity clauses
Related terms
See also
Commentary
Indemnity clauses should be drafted clearly to specify the scope of indemnification, including covered parties and types of losses, to avoid ambiguity in enforcement.
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.