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What is an indemnification clause and why it matters?

Learn what an indemnification clause is, why it matters in contracts, and how Signeasy AI can help you navigate and understand these crucial terms.

Monalisa Rath
Monalisa Rath
May 20, 2024
 min read
What is an indemnification clause and why it matters?

Frequently asked questions

What is an indemnity or indemnification clause?
An indemnity or indemnification clause is a contractual provision that needs one party to compensate the other for losses, damages, or liabilities incurred under specific situations.
Who is the Indemnitee and Indemnitor?
The indemnitee is the party that receives the protection or compensation, while the indemnitor is the party that provides the protection or compensation.
What is the principle of indemnity clause?
The principle of an indemnity clause is to transfer the risk of potential loss or damages from one party to another while offering financial security.
What is indemnify from any liability?
Indemnifying from any liability means that the indemnifying party agrees to hold the indemnified party harmless and compensate them for any losses, damages, or legal consequences arising from a specified event or circumstance.
Monalisa Rath
Monalisa Rath
Monalisa Rath is a Content Specialist at Signeasy, where she brings customer stories to life. Aside from eSignature workflows, she loves to talk about animals, flowers, mountains, and anything else that makes this world a beautiful place to live.
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