What is an example of an indemnification clause in an agreement?
Consultant agrees to hold harmless and indemnify Client from any and all liability, arising out of Consultants negligence, whether it be sole or in concert with others, in connection with performance of the services described herein.
What is the verbiage of indemnification?
Each party (the Indemnifying Party) shall indemnify, defend and hold harmless the other party (the Indemnified Party), its affiliates, and its respective officers, directors, employees, agents, and representatives from and against any and all claims, damages, losses, liabilities, judgments, settlements, costs and The Indemnification Clause in Commercial Contracts - Ironclad Ironclad Contracts and clauses Ironclad Contracts and clauses
What is the wording for mutual indemnification?
Each party agrees to indemnify, defend, and hold harmless the other party from and against any loss, cost, or damage of any kind (including reasonable outside attorneys fees) to the extent arising out of its bdocHub of this Agreement, and/or its negligence or willful misconduct. Indemnification Provisions in Contracts - Nolo Nolo legal-encyclopedia indemnifi Nolo legal-encyclopedia indemnifi
How do you write an indemnity clause?
An indemnification clause should clearly define the following elements: who are the indemnifying party and the indemnified party, what are the covered claims or losses, what are the obligations and duties of each party, and what are the exclusions or limitations of the indemnity.
What is the standard indemnity wording?
Each party shall indemnify the other party from any and all claims, causes of action, suits, damages or demands whatsoever, arising out of any bdocHub of this agreement by the indemnifying party. Indemnity Clauses Examples: IP Rights, third parties, hold harmless hallellis.co.uk indemnity-clauses hallellis.co.uk indemnity-clauses
What is an example of an indemnity clause?
Recipient shall be liable for any damages resulting from any use or application of the Biological Material(s) and other related materials, and shall defend, hold harmless and indemnify University, System, their Regents, officers, employees and agents, against any and all claims, suits, actions, costs, counsel fees, Indemnification Sample Clauses | The University of Texas System utsystem.edu intellectual-property-checklists utsystem.edu intellectual-property-checklists
How do I fill out an indemnity agreement template?
How to Write an Indemnity Agreement Consider the Indemnity Laws in Your Area. Draft the Indemnification Clause. Outline the Indemnification Period and Scope of Coverage. State the Indemnification Exceptions. Specify How the Indemnitee Notifies the Indemnitor About Claims. Write the Settlement and Consent Clause.
What is the wording of the mutual indemnity clause?
Each party shall indemnify, defend, protect, hold harmless, and release the other, its officers, agents, and employees, from and against any and all claims, loss, proceedings, damages, causes of action, liability, costs, or expense (including attorneys fees and witness costs) arising from or in connection with, or
