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Indemnity Clause Examples. Indemnity clause examples include: Example 1: Hold harmless agreements in service contracts; Example 2: Vendor agreements to shield you from contractor actions; Example 3: Nexus phrases in employment agreements; Example 4: Liability caps on indemnity clauses vs. bare indemnity
Upon the occurrence of any Event for which you may become entitled to indemnity in accordance with the above, the Company shall make available to you, from time to time, the amounts of money required to cover the various expenses and other payments involved in the handling of any legal proceedings against you in connection with such Event ...
Indemnity. The Warrant Agent shall be liable hereunder only for its own gross negligence, willful misconduct or bad faith. The Company agrees to indemnify the Warrant Agent and save it harmless agains...
Indemnity Clause. Contractor agrees to indemnify , hold harmless , and release the County and all its employees, representatives, agents and volunteers for and against any and all loss, damage, injury, liability, suits and proceedings arising out of the performance of this Agreement by the negligence of its employees, representatives, agents ...
Aug 9, 2023 · Sample indemnification clause. This indemnification clause provides broad, unilateral indemnification for breaches of representations, warranties, covenants, omissions, and other contractual violations by a company or its affiliates and related parties.
Apr 2, 2020 · An indemnity requires a commitment from one party (the indemnifier) to pay for the financial loss incurred by another party (the indemnified party) where a pre-agreed event occurs or does not occur. An example of an indemnity clause could be:
Below are some examples as to when an indemnity clause would be used in a contract or situation to protect the party beng indemnified: Example 1 : A service provider asking their customer to indemnify them to protect against misuse of their work product.
