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THIS INDEMNIFICATION AGREEMENT is Made This Form

THIS INDEMNIFICATION AGREEMENT is Made This Form

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[Music] i'm steve growth of the litigation group at bose bikini and evans we help our clients with contracts every day one of the issues that we're asked about most frequently is indemnification let's take a look at what indemnification really is and how it can be used to protect your business indemnification is simply the promise of one party to protect the other party against claims of third parties this type of protection is appropriate when the performance or non-performance of one party may put the other party at risk of claims one classic example of indemnification is found in a construction contract where the subcontractor promises to protect the general contractor in the event that the performance of the subcontractor results in claims against the general we also see indemnification clauses in shipping contracts sale agreements leases and many other types of contracts in fact it's rare to see a business agreement without some type of indemnificat

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