WebbMeaning that, if an accident happens while the renter is using the car, the car rental company will not be liable for any damage. ... An indemnity agreement should provide … WebbWhat is indemnification? Indemnification, also referred to as indemnity, is an undertaking by one party (the indemnifying party) to compensate the other party (the indemnified …
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WebbFirst, there is a warranty that the product does not infringe any third party’s IP rights. Second, there is an indemnification if there is a claim of IP infringement. As you can guess, there could be separate liability under both the warranty and indemnification. Therefore, it is advisable to state that the indemnification is the sole ... Webb21 mars 2024 · Indemnity also holds meaning in corporate law. Here, an indemnity refers to an agreement that holds board directors free from any personal liability claims if the … filthy envy tv series
What is indemnity? Meaning and Definition Bajaj Finserv
Webb1 mars 2024 · An indemnity is a primary obligation; it does not depend on having to prove a breach of a contractual obligation. This offers a number of advantages over bringing a … WebbViele übersetzte Beispielsätze mit "provide an indemnity" – Deutsch-Englisch Wörterbuch und Suchmaschine für Millionen von Deutsch-Übersetzungen. WebbIndemnities have the effect of creating a legal remedy to put the indemnified person in a position where they have not suffered loss or damage. That's what indemnity liability means. That’s what indemnity claims are geared to protect against: they provide a legal remedy to guard against loss. filthy empire