According to Black's Law Dictionary, indemnity is "a duty to make good any loss, damage, or liability incurred by another." It's possible to limit the scope of that duty during contract negotiations.

“Let’s leave that to the lawyers.” It’s a familiar refrain that I hear often as contract negotiations drag on between parties. After the primary deal points in a contract have been agreed upon, many ...

It makes good business sense to enter into contracts carefully, ensuring that each aspect of the contract accurately details responsibility, deliverability and cost. Many contracts contain an ...

A bank sought payment under “deeds of indemnity” related to swap agreements which were part of a number of Dutch mortgage-backed securitisations. The mortgage provider refused to pay, a key argument ...

Indemnity is one party's promise to protect another party from loss. This is the first of two articles that will analyze key indemnity issues as they relate to IT contracts. When negotiating a ...

In everyday language, Indemnity is equivalent to money paid to cover actual damage caused by accidents, theft, legal claims, professional mistakes or other covered events.