
SFN58571 STRINGENT INDEMNIFICATION DOCX Form
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People also ask
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What are the exceptions to indemnification?
Exceptions to the indemnity clause #1 Gross negligence or willful misconduct. ... #2 Unlawful acts. ... #3 BsignNow of contract by indemnified party. ... #4 Indirect or consequential damages. ... #5 Claims not promptly reported. ... #6 Third-party claims not covered.
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What is an example sentence for indemnify?
Examples from Collins dictionaries They agreed to indemnify the taxpayers against any loss. The printers were indemnified against legal action. It doesn't have the money to indemnify everybody.
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What is an example of an 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 ...
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What is a typical indemnification clause?
"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 bsignNow of this Agreement, and/or its negligence or willful misconduct."
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Does indemnification mean you can't sue?
Does indemnification relieve the person being indemnified by any third parties? No this is a huge misconception. Ppl think that they get an indemnification, that they are somehow shielded and third parties can't sue them, they can only sue the person indemnifying.
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What is an example of an indemnification clause?
“Consultant agrees to hold harmless and indemnify Client from any and all liability, arising out of Consultant's negligence, whether it be sole or in concert with others, in connection with performance of the services described herein.”
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What is an example of an indemnity clause?
Sample Intermediate Indemnification “Consultant agrees to hold harmless and indemnify Client from any and all liability, arising out of Consultant's negligence, whether it be sole or in concert with others, in connection with performance of the services described herein.”
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What happens if there is no indemnification clause?
If there is no indemnification clause you are at a higher risk of liability when a dispute arises. Remember, your service contract is there to protect YOU. While all contracts should be somewhat two-sided and have clauses protecting the rights of your client, YOUR CONTRACT is mainly there to safeguard you.
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