District of Columbia Amendment of Articles to Expand Indemnification of Agents
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How to fill out Amendment Of Articles To Expand Indemnification Of Agents?
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FAQ
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.