Sep 13, 2024 · In the business world, indemnification is a safety net, providing parties with financial protection from loss or damages that result from another’s actions. This often leads to more desirable …

To indemnify, also known as indemnity or indemnification, means compensating a person for damages or losses they have incurred or will incur related to a specified accident, incident, or event.

Indemnifications in legal terms are contractual provisions where one or both parties agree to compensate the other for any harm or loss resulting from damages caused by a third party. …

The meaning of INDEMNIFICATION is the action of indemnifying.

Indemnification is a legal agreement by one party to hold another party blameless – not liable – for potential losses or damages.

Nov 27, 2025 · An indemnification agreement is a contractual promise by one party to compensate the other party for certain defined losses or liabilities that may arise from a specified event. This promise …

INDEMNIFICATION definition: 1. the act of paying or promising to pay someone an amount of money if they suffer damage or loss…. Learn more.

What is indemnification clause? Explore the meaning, definition, and real-world examples of indemnity clauses in contracts, plus how to

Indemnification is about compensating someone for losses, while liability refers to being legally responsible for those losses. In other words, if you are liable, you may have to pay damages, but …

What does indemnification mean? Indemnification is the act of providing protection or security against potential damages or loss or compensating someone for damages or money spent.