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Indemnification. If the deliverable causes the client to have a loss, or a project causes the vendor to have a loss, the MSA's indemnification clause outlines what compensation, if any, is owed.
Sample Intermediate Indemnification ?Consultant agrees to hold harmless and indemnify Client from any and all liability, arising out of Consultant's negligence, whether it be sole or in concert with others, in connection with performance of the services described herein.?
A typical indemnification clause might state that the contracting physician agrees to defend, indemnify, and hold harmless [the hospital] and its affiliates from any and all damages, liability, and expense (including legal costs, other expenses, and attorney's fees) in any way related to physician's provision of ...
This provision requires the supplier or service provider to indemnify the organisation against any legal costs resulting from a breach of its warranties. This essentially means the supplier accepts they are fully responsible for paying any legal costs if such an eventuality was to arise.
Supplier indemnifies and agrees to hold Distributor harmless from and against any and all claims, demands or actions and costs, liabilities, or losses arising out of (a) any actual or alleged death or injury to any person or damage to any tangible property resulting or claimed to result wholly from (i) any actual or ...
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.
Indemnification means one party is protected from certain actions of the other party. An indemnification clause can protect you from negligence, misconduct or wrongdoing by the other party that you are not involved with.
How to Write an Indemnity Agreement Consider the Indemnity Laws in Your Area. ... Draft the Indemnification Clause. ... Outline the Indemnification Period and Scope of Coverage. ... State the Indemnification Exceptions. ... Specify How the Indemnitee Notifies the Indemnitor About Claims. ... Write the Settlement and Consent Clause.