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Indemnification Undertaking by Parent Symbiosis Form

Indemnification Undertaking by Parent Symbiosis Form

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Instructions and help about indemnification undertaking by student

I'm John Honnold from Penn State and I've been asked to say something about indemnification so one of the biggest issues with indemnification is that it has six syllables in it and that is actually a serious issue because a lot of people look at the word indemnification and they're intimidated by that and so right away they want to send all their liability and indemnification Clauses to their legal counsel and that is often the reasonable thing to do but if you feel like you can not be so intimidated by it you may be able to save some time and some money for your institution so the basic terms um party a is holding party B harmless when party a agrees not to sue party B indemnification where party a indemnifies party B what they're saying is if a third party party C brings charges against party B party a will protect party B so these are the the two different kinds of things that you often see in contracts to be able to protect people from legal liabilit

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