Def indemnification
WebIndemnitee definition, a person or company that receives indemnity. See more. WebTừ điển dictionary4it.com. Qua bài viết này chúng tôi mong bạn sẽ hiểu được định nghĩa protection & Indemnity (P&I) là gì.Mỗi ngày chúng tôi đều cập nhật từ mới, hiện tại đây là bộ từ điển đang trong quá trình phát triển cho nên nên số lượng từ hạn chế và thiếu các tính năng ví dụ như lưu từ vựng, phiên ...
Def indemnification
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WebIndemnify. To compensate for loss or damage; to provide security for financial reimbursement to an individual in case of a specified loss incurred by the person. … WebIndemnification is the act of providing protection or security against potential damages or loss or compensating someone for damages or money spent. Indemnification is the act …
Webindemnity: Recompense for loss, damage, or injuries; restitution or reimbursement. An indemnity contract arises when one individual takes on the obligation to pay for any loss or damage that has been or might be incurred by another individual. The right to indemnity and the duty to indemnify ordinarily stem from a contractual agreement, which ... Webto protect someone against legal responsibility for their actions: He cannot sue, because the government had indemnified the company. The state is required to indemnify employees …
WebJul 15, 2024 · An indemnification agreement is a type of agreement where one or more parties to a contract look to be compensated for losses or damages in certain contractually defined events. Businesses and individuals negotiating commercial contracts should understand indemnification agreements to better protect themselves from business risk … Webindemnification: 1 n an act of compensation for actual loss or damage or for trouble and annoyance Type of: compensation , recompense the act of compensating for ...
WebDefine indemnity. indemnity synonyms, indemnity pronunciation, indemnity translation, English dictionary definition of indemnity. n. pl. in·dem·ni·ties 1. Security against damage, loss, or injury. 2. An exemption from liability for damages resulting from …
Webindemnified definition: 1. past simple and past participle of indemnify 2. to pay or promise to pay someone an amount of…. Learn more. kane chronicles free pdfWebApr 12, 2024 · Indemnity is a comprehensive form of insurance compensation for damages or loss. In this type of arrangement, one party agrees to pay for potential losses or … lawn mower sharpening blades whitstableWebJul 24, 2024 · TCB Prop. Mgmt. There, the court categorized the obligations to indemnify and hold harmless as offensive and defensive rights. Indemnification, according to the court, is “an offensive right—a ... lawn mower sharpening costWebIndemnity is compensation to a party for a loss or damage that has already occurred or to guarantee... indemnity contract. An indemnity contract is an agreement to pay on behalf of another party under specified... indemnitee. The indemnitee is the person or organization that is held harmless in a contract (by the... indemnitor. lawn mower sharpening in sudbury ontarioWebAn indemnification provision is one of the most common and frequently used provisions when negotiating any type of contract, and yet the parties to a contract often don’t … lawn mower sharpening gainesville floridaWebIndemnity states that the injured party has the right to claim compensation or reimbursement for damages or losses from the other party. This is usually applied in civil lawsuits concerning negligence claims. Indemnity may also refer to the legal exemption from damages or loss. In that case, the general meaning of indemnity is “hold harmless.”. lawn mower sharpening in marlboroWebIndemnification’s definition is where one party compensates someone else for a loss, typically a third party’s loss. Indemnification’s business definition is often understood as a clause in a contract where one party agrees to compensate another party if something happens to a third party. This is an “indemnification clause.” lawn mower sharpening edmonton