Correct quote in a Hold Harmless (Indemnity) Agreement - Online Editor

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How to correct quote in the Hold Harmless (Indemnity) Agreement

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[Music] hi Im Ken Fossum how would you respond to this superintendents question I received two certified letters today one was from the company that installed our new bleachers a couple of years ago and the other is from the manufacturer of those bleachers both letters say the district is responsible for providing defense for them in the lawsuit that was filed Monday by the parents of one of the students injured when the bleachers collapsed last fall the school was named in Mondays lawsuit too but our insurance company is taking care of that Im assuming the insurance companies for the Installer and manufacturer have the obligation to do the same for them am i right this question provides a limited amount of information and I suspect that there is more to the story more specifically Im guessing as the school district may have entered into a purchase agreement when they bought the bleachers and that the purchase agreement had a clause in it that reads something like this paragraph 1

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Does indemnification mean you cant sue?

Not true they can be sued irrespective of the existence of the indemnification or not all the indemnification does is allow the person whos indemnified and being sued to turn to the person who indemnified them and say youre responsible for the payment of the fees and the cost of this lawsuit and any damages youre to

What is the wording of indemnity clause?

Example: Indemnify and Hold Harmless Clause The supplier agrees to indemnify and hold harmless the customer against all claims arising in respect of any injury, death, sickness or ill-health caused to or suffered by the customer and its personnel as a result of performance or non-performance of this Agreement.

What is the indemnification clause in laymans terms?

An indemnity clause is a contractual clause providing that one party is responsible for any losses or damages arising from a certain event or set of circumstances. In effect, the indemnity clause shifts the risk of that event occurring from the indemnified party to the indemnifying party.

What is the indemnification clause for dummies?

To indemnify means to compensate someone for his/her harm or loss. In most contracts, an indemnification clause serves to compensate a party for harm or loss arising in connection with the other partys actions or failure to act.

What is an example of indemnification and hold harmless clause?

The Contractor shall defend, indemnify and hold the County, its officers, officials, employees and volunteers harmless from any and all claims, injuries, damages, losses or suits including attorney fees, arising out of or in connection with the performance of this Agreement, except for injuries and damages caused by

Should I agree to an indemnification clause?

Before agreeing to an indemnification, read it carefully and make sure your obligations are limited to your own mistakes or misconduct. In the sample indemnification above, the term to the extent arising out of effectively provides this limitation.

What is the rightful indemnification clause?

An indemnification clause is your promise to cover the losses of the other party, usually your clients, if you cause them harm or cause a third party to sue them.

What is the wording for a hold harmless agreement?

shall fully defend, indemnify, and hold harmless from any and all claims, lawsuits, demands, causes of action, liability, loss, damage and/or injury, of any kind whatsoever ( including without limitation all claims for monetary loss, property damage, equitable relief, personal injury and/or wrongful death), whether

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Correct quote in the Hold Harmless (Indemnity) Agreement

Utilize an all-in-one online PDF editor to correct quote in Hold Harmless (Indemnity) Agreement

Follow these four quick steps to correct quote in Hold Harmless (Indemnity) Agreement online with DocHub:

PDF editing simplified with DocHub

Drive efficiency with the DocHub add-on for Google Workspace

How to correct quote in the Hold Harmless (Indemnity) Agreement