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Ranges from very simple to very complicated.
Simple, "X agrees to indemnify Y against any claims by third parties arising from conduct of X under this agreement."
Complicated: classifications of Y (corporation, employees, directors, agents, vendors, customers), restrictions on types of claims, where claims are brought (in USA, UK, Canada, anywhere else), necessity of timely notice to Y of claim, power of Y to intervene in case against X, obligation of X to reimburse specific expenses of Y, limitations on indemnification costs, etc.
What else can I help you with?
What are the key considerations to keep in mind when negotiating a third party indemnification clause in a contract?
When negotiating a third party indemnification clause in a contract, it is important to consider the scope of the indemnification, the financial limits, the notification requirements, the allocation of responsibility, and the insurance coverage. These factors help protect all parties involved and clarify their obligations in case of any legal claims or liabilities.
Can you give an example of a subordinate clause and an independent clause?
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An example of an independent clause?
An independent clause is a sentence that can stand on its own.
Can you use a limitation of libility clause and an indemnification clause in the same contract?
Limitation of Liability and Indemnification both address possible liabilities under an agreement but are distinct in purpose. Limitation of liability addresses the liability between the actual parties to the contract and does not govern liabilities that may arise from third party claims that are not a party to the contract. For instance, a party to a contract may only be allowed to pursue direct damages but since the third party is not a party to the contract, the limitation or disclaimer of indirect damages does not apply to that party and they can submit a claim for whatever damages/remedies may be available under law. That's where an indemnity comes in .... Indemnification in a contract sets forth the contracting parties obligations to each other in the event a third party sues or is awarded damages or a party incurs cost to defend itself because of the actions or inaction of the other party to the contract. Indemnification clauses can be very nuanced from standards of negligence to obligations to pay costs vs. awards, atty. fees, and who controls the defense, etc. Depending on how the limitation of liability is drafted, Indemnification and Limitation of Liability may overlap to the extent a liability arising from a 3rd party could be claimed as a damage under the limitation of liability provision (i.e. incidental, consequential, etc.). However, the indemnification clause is used so that there's no ambiguity or selective interpretation as to who's responsible or what type damage it may be.
If the numbers are the same distance from zero What is a non example?
The question is incomplete. There is an if clause but no then clause.
How is an independent clause different from a Dependant clause?
The difference between the independent clause and the dependent clause is: "dependent clause" has a complete thought like for example "the catcher missed the ball" it expresses who missed the ball (the catcher)."independent clause" has no complete thought like for example "the movie idol" it cannot express who is the movie idol.
How is an dependent clause different from an independent clause?
The difference between the independent clause and the dependent clause is: "dependent clause" has a complete thought like for example "the catcher missed the ball" it expresses who missed the ball (the catcher)."independent clause" has no complete thought like for example "the movie idol" it cannot express who is the movie idol.
What is an example of a dependent clause using Who?
An example of a dependent clause using "who" is: "who lives next door." This clause cannot stand alone as a complete sentence because it relies on the rest of the sentence for context and meaning.
What is an Example of who clause?
The Boy Who Came Is His Cousin.
A sentence using the word clause?
A clause is a specific part of a legal document. An example sentence would be: She was advised to read that clause very closely.
Examples of contract with a penalty clause?
Example of penalty
What is a example of a clause?
I told my wife I was faithful and she believes in me.
