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Indemnity - Wikipedia, the free encyclopedia
An indemnity is a sum paid by A to B by way of compensation for a particular loss suffered by B . The indemnifying party ( A ) may or may not be responsible for the loss suffered by the inde...
en.wikipedia.org/wiki/Indemnity |
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Courts will only look within the four (4) corners of the contract to interpret or construe an indemnity clause. In determining the parties’ intentions in an indemnity agreement, words and phrases are given their ordinary, popular and commonly accepted meaning.
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Hutchinson encyclopedia article about Indemnity clause. Indemnity clause. Information about Indemnity clause in the Hutchinson encyclopedia. ... (redirected from Indemnity clause)
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This is generally followed by some form of indemnity clause. ... As with the prior clause, it may also mean that the indemnity commences whenever a claim is made even if there is no litigation filed. Together with the following clause, the two provisions together can be significant in their scope.
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If they write an RFP and MS or IBM signs up to it, yes they can be sued if as a result of using that software, the customer incurs damages and the contract contains an indemnity clause. The reseller assumes the obligation.
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