This office lease form lists the services provided by the landlord. This form states the days and times that the services are available to the tenant as well as the maintenance and operations of each.
This office lease form lists the services provided by the landlord. This form states the days and times that the services are available to the tenant as well as the maintenance and operations of each.
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For example, in Georgia, a claim for common law indemnification exists when a party is vicariously liable for the tort committed by another and is compelled to pay damages because of negligence imputed to him or her as a result (see District Owners Ass'n, 322 Ga. App.
Another type of exclusion clause commonly encountered is an indemnity clause, under which one contracting party promises to indemnify the other for any liability incurred by him in the performance of the contract (for a description of other types of exclusion clauses see Yates, 1982, pp.
Example: Indemnify and Hold Harmless Clause The supplier agrees to indemnify and hold harmless the customer against all claims arising in respect of any injury, death, sickness or ill-health caused to or suffered by the customer and its personnel as a result of performance or non-performance of this Agreement.
Indemnification provisions are generally enforceable. There are certain exceptions, however: Indemnifications that require a party to indemnify another party for any claim irrespective of fault (known as "broad form" or "no-fault" indemnities) generally have been found to violate public policy.
Answer: Indemnification language in a contract is traditionally understood to apply only to third party claims and not to ?direct? claims between the parties themselves.
Liability limitation Indemnification clauses can limit the liability of one party, reducing their financial exposure in the event of a loss or damage. Limiting their liability reduces their financial exposure and protects them against potential losses.
Indemnifications, or ?hold harmless? provisions, shift risks or potential costs from one party to another. One party to the contract promises to defend and pay costs and expenses of the other if specific circumstances arise (often a claim or dispute with a third party to the contract).
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.