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Rotate Pages Indemnification Agreement

Rotate Pages Indemnification Agreement

Aug 6th, 2022

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How to Rotate Pages Indemnification Agreement

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In this video, Elizabeth Potts Weinstein discusses indemnifications, defining the term as providing compensation for loss or damage to another party, akin to insurance. She emphasizes the importance of including an indemnification clause in contracts, highlighting that it serves to protect the party with less control or information in a transaction. The rationale is that the party with more control and knowledge should be held responsible if issues arise. Weinstein uses an example to illustrate this concept, stressing the fairness of having one side liable for damages in a business deal. Overall, she underscores the significance of understanding indemnifications in contractual agreements.

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