Sample Indemnification Clause For Non-profit
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How to fill out Sample Environmental Indemnity Agreement - Detailed?
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FAQ
The non-profit indemnification clause is a provision designed to protect the organization and its leaders from personal liability due to actions taken while performing their roles. This clause outlines the extent of the organization's obligation to reimburse individuals for legal expenses or damages resulting from their official duties. Utilizing a sample indemnification clause for non-profit can provide reassurance to board members and volunteers about their involvement.
An indemnification clause in a non-disclosure agreement protects parties from potential losses due to breaches of confidentiality. It specifies that if one party discloses protected information, resulting in legal penalties or damages, the other party will be held harmless. Understanding a sample indemnification clause for non-profit organizations can help tailor these agreements to provide adequate safeguards.
An indemnification clause commonly includes statements about compensating another party for specific damages or losses. For instance, a non-profit could include a clause stating that it will cover any claims against a volunteer while performing duties on behalf of the organization. A well-drafted sample indemnification clause for non-profit can provide essential legal protection. Platforms like US Legal Forms offer templates to help you create effective clauses.
Example 1: A service provider asking their customer to indemnify them to protect against misuse of their work product. Example 2: A rental car company, as the rightful owner of the car, having their customer indemnify them from any damage caused by the customer during the course of the retnal.
Indemnification & Volunteer Protection ? Most nonprofit bylaws include indemnification provisions ? language that expresses the intent of the nonprofit to cover the expenses a board member might incur in defending an action and paying settlements or judgments related to his service on the board.
?Party A agrees to indemnify, defend, and hold harmless Party B and its agents from and against any liability or loss arising from this agreement, unless such liability or loss is the result of Party B's sole negligence or willful misconduct.?
The corporation shall, to the extent legally permissible, indemnify each person who may serve or who has served at any time as an officer, director, or employee of the corporation against all expenses and liabilities, including, without limitation, counsel fees, judgments, fines, excise taxes, penalties and settlement ...