District of Columbia Amendment of Articles to Expand Indemnification of Agents is a legal provision aimed at enhancing the protection and rights of agents in the District of Columbia. Under this amendment, specific modifications have been made to the existing articles governing indemnification to provide greater security and support to agents involved in various business transactions. The amendment focuses on expanding the scope and extent of indemnification to alleviate agent concerns relating to legal liabilities, expenses, and damages incurred while performing their duties. The District of Columbia Amendment of Articles to Expand Indemnification of Agents offers several benefits to agents by broadening the circumstances under which indemnification may be granted. It ensures agents are rightfully protected and shielded from personal financial burdens arising from the performance of their official duties. This amendment recognizes the importance of encouraging individuals to take on key roles as agents and strives to create a favorable environment for their participation. The broader indemnification provisions outlined in the District of Columbia Amendment of Articles to Expand Indemnification of Agents encompass a range of situations in which an agent may be involved. This includes protection against potential claims, lawsuits, and legal expenses arising from any acts performed within their official capacity. The amendment encompasses both direct and indirect actions, expanding the scope of coverage to include a variety of scenarios that agents may encounter. By offering enhanced indemnification, the District of Columbia Amendment of Articles to Expand Indemnification of Agents promotes confidence and reassurance among individuals seeking to serve as agents in various fields. It establishes a system where agents can fulfill their responsibilities without constant concern about unforeseen legal consequences. This, in turn, encourages greater participation and involvement from qualified individuals who can contribute significantly to the District of Columbia's business landscape. In summary, the District of Columbia Amendment of Articles to Expand Indemnification of Agents is a crucial measure undertaken to bolster the rights and security of agents operating in the District. This amendment provides agents with amplified protection against legal liabilities, expenses, and damages incurred while carrying out their official duties. By expanding the scope of indemnification, the District of Columbia ensures a favorable environment that encourages capable individuals to serve as agents.
District of Columbia Amendment of Articles to Expand Indemnification of Agents
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For example, an indemnification provision may exclude indemnification for claims or losses that result from the indemnified party's: Negligence or gross negligence. Improper use of the products. Bad faith failure to comply with its obligations in the agreement.
The Government shall indemnify the Contractor against liability to subcontractors incurred under subcontract provisions approved by the Contracting Officer. (f) The rights and obligations of the parties under this clause shall survive this contract's termination, expiration, or completion.
The rule is that an agency may not agree to an open-ended indemnification clause because such agreements violate both the Antideficiency Act, 31 U.S.C. § 1341, and the Adequacy of Appropriations Act, 41 U.S.C. § 11.
Indemnification is the right to be reimbursed for money paid out of pocket to solve a problem caused by the other party to a contract. In an agency-client relationship, indemnification clauses give clients legal reassurance that they won't be on the hook for certain mistakes made by an agency.
Indemnification of Employee. Employer shall indemnify Employee and hold him harmless for lawful acts or decisions made by him in good faith while performing his duties for Employer, its parent, subsidiaries and affiliates to the full extent allowed by law.
Sponsor shall indemnify and hold Institution, System, their Regents, officers, agents, and employees harmless against any and all claims, demands, damages, liabilities and costs which directly or indirectly result from, or arise in connection with, any negligent act or omission of Sponsor, its agents, or employees, ...
In most contracts, an indemnification clause serves to compensate a party for harm or loss arising in connection with the other party's actions or failure to act. The intent is to shift liability away from one party, and on to the indemnifying party.
An indemnification clause protects you from liability if you're sued by a third-party due to negligence on the client's end. If an attendee is injured, for example, the clause ensures that the attendee cannot hold you legally responsible.