Colorado Amendment of Articles to Expand Indemnification of Agents
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FAQ
Blinder, Robinson & Co., the Colorado Supreme Court defined an indemnity agreement as ?[a]n agreement by one person to hold another person harmless from such loss or damage as may be specified in the agreement.?19 If ?indemnify? and ?hold harmless? are synonymous, the term ?hold harmless? is unnecessary in an indemnity ...
It's important to note that a special deadline applies if the property damage results from a motor vehicle accident. In that situation, the statute of limitations deadline is three years., ing to Colorado Revised Statutes section 13-80-101.
No tortfeasor is compelled to make contribution beyond his own pro rata share of the entire liability. (3) There is no right of contribution in favor of any tortfeasor who has intentionally, willfully, or wantonly caused or contributed to the injury or wrongful death.
The express negligence rule requires all of the involved parties to specifically express intent to indemnify themselves in the signing of a contract.
Colorado's anti-indemnity statute prohibits indemnity provisions that require an indemnitor to pay for damages caused by the indemnitee's own fault or negligence, or that of its agents.
§ 13-21-111.5. The Colorado anti-indemnity law limits a defendant's liability to ?the degree or percentage of the negligence or fault attributable? to the defendant.