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[Music] hi thanks for joining us and welcome to this session on indemnities my name is mike cuthbertson and im joined by my colleague anita severa parliament anita and i are senior associates in the commercial ipn technology team at travis smith and as such we often advise clients about indemnity clauses and commercial contracts which we draft or review for them this session is planned to take about 45 minutes and the aim in that time is to explain what an identity clause is and some of the perceived and actual benefits associated with them why they can be useful how to get them right if you do decide you should include one in your contract and how worried to be and how to limit that worry if youre required to give an indemnity indemnities are often slightly misunderstood and theyre often seen as a massive commercial point when frankly sometimes they really shouldnt be used in the right way though indemnities can be very valuable as a way of addressing identified risks in a contra