Indemnification Agreement: Safeguarding Indemnitee from Losses, Claims, and Damages

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An agreement whereby the first party (the indemnitor) agrees to hold a second party (the indemnitee) harmless from tort liability arising out of the indemnitors negligent act or omission.
These hold harmless agreements are contracts, enforceable as any other contract would be, and courts can and do enforce them.
There are 3 levels of indemnification: broad form, intermediate form, and limited form. This requires the indemnitor to pay not only for its liabilities but also for the indemnitees liability whether the indemnitee is solely (i.e. 100%) at fault or partially at fault.
The Indemnification and Hold Harmless clause requires one party to compensate the other party for any losses, damages, or liabilities arising from specific events or actions.
Indemnification refers to the broad concept of one party compensating another for losses, damages, or liabilities, usually due to third-party claims. Its an agreement that safeguards one party against the financial impacts of specific actions or events.
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People also ask

Bottom line, you dont NEED to include anything in your contract. What you include is up to you. But if the goal is to protect yourself from risk to the maximum, I cant think of an obvious reason why having an indemnity clause would be a bad idea.

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