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1. Dictionary

   indemnify

   /ɪnˈdɛmnɪfʌɪ/

   verb

   • 1. compensate (someone) for harm or loss: "each of the parties shall indemnify me for all reasonable costs of defending such actions and proceedings" Similar reimbursecompensaterecompenserepaypay backremuneraterecouprequitemake restitution/amends tosettle up withsettle accounts with
   • ▪ secure (someone) against legal liability for their actions: "the company has taken out insurance to indemnify its directors against liability when acting for the group" Similar insureguaranteeprotectsecuremake securegive security towarrantassureagree to pay

   Word Origin early 17th century: from Latin indemnis ‘unhurt, free from loss or damage’, from in- (expressing negation) + damnum ‘loss, damage’.

   Derivatives

   • 1. indemnifier noun

   Scrabble Points: 18

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2. www.lexology.com › library › detailWhat is Indemnification Anyway? - Lexology

   www.lexology.com › library › detail

   • Cached

   Jun 10, 2024 · Indemnification is a promise by the indemnifying party to pay for certain losses, liabilities, damages, costs and expenses (collectively, “Losses”) of the indemnified party that result or arise...

3. Videos

   • investopedia.com

     Indemnity: What It Means in Insurance and the Law

     31 Dec 2008

   • 8:27

     youtube.com

     What is Indemnification | Indemnification Clauses and Indemnity Explained

     31 Aug 2020

     8K views

   • investopedia.com

     What Is Indemnity Insurance? How It Works and Examples

     31 Dec 2008

   View all

4. legalvision.com.au › indemnities-contractsUnderstanding Indemnities In a Commercial Contract | LegalVision

   legalvision.com.au › indemnities-contracts

   • Cached

   Jun 26, 2024 · Indemnities are promises from one party to compensate the other party for certain losses or damage. Indemnities contain important obligations you cannot waive if you have to indemnify someone. Alternatively, you may have additional rights to recover compensation if you receive an indemnity from the other party.

5. www.dlapiperintelligence.com › goingglobal › intellectualKey commercial contract terms - Indemnification in Singapore -...

   www.dlapiperintelligence.com › goingglobal › intellectual

   • Cached

   Jun 14, 2024 · Express indemnity clauses in contracts are common and enforceable in Singapore. However, this is subject to the reasonableness test under section 4 (1) of the Unfair Contract Terms Act 1977, which clarifies that a contract cannot require a consumer to indemnify another person (whether a party to the contract or not) for liability ...

6. legalvision.com.au › what-is-an-indemnity-clauseWhat Is an Indemnity Clause in Australia? | LegalVision

   legalvision.com.au › what-is-an-indemnity-clause

   • Cached

   Jun 26, 2024 · An indemnity is a promise by one party to compensate the other party for loss or damage suffered by the other party during the performance of the contract. Indemnities are the subject of much discussion in contract negotiations. I ndeed, this is essentially because they make one party liable for the liability of t he other party.

7. legalvision.com.au › agreeing-to-an-indemnity-clausePoints to Consider Before Agreeing to an Indemnity Clause

   legalvision.com.au › agreeing-to-an-indemnity-clause

   • Cached

   2 days ago · Put simply, an indemnity clause is where you promise to compensate the other contracting party for potential losses they might experience. Indemnities typically provide a means of recourse or remedy to contracting parties from the negative effects of a contractual breach.

8. fastercapital.com › content › Understanding-IndemnificationUnderstanding Indemnification Agreements - FasterCapital

   fastercapital.com › content › Understanding-Indemnification

   • Cached

   Jun 19, 2024 · At its core, indemnification is a promise by one party (the indemnifier) to compensate another (the indemnitee) for losses incurred due to the actions or omissions of the indemnifier or third parties. From a legal standpoint, indemnification agreements are viewed through various lenses.

9. fastercapital.com › content › Indemnity--Indemnity-clauses-andIndemnity: Indemnity clauses and how to limit your liability

   fastercapital.com › content › Indemnity--Indemnity-clauses-and

   • Cached

   Jun 18, 2024 · 1. What is indemnity and why is it important in contracts? 2. What are indemnity clauses and how do they work? 3. What are the benefits and risks of indemnity clauses for both parties? 4. What are the common types of indemnity clauses and how to draft them? 5. What are the key factors to consider when negotiating indemnity clauses? 6.