This is a Contractor Indemnification form, to be used across the United States. It is used to protect yourself against lawsuits by a Contractor's Employees.
New Jersey Contractor Indemnification
Category:
State:
Multi-State
Control #:
US-CGMCA-19
Format:
Word;
Rich Text
Instant download
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How to fill out Contractor Indemnification?
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FAQ
Indemnification clauses can present real challenges in the New Jersey legal system. These elements of contract law are also referred to as ?hold harmless? clauses and are intended to protect one of the parties to the contract from liability caused by the actions or negligence of the other party.
New Jersey and New York courts generally enforce these clauses provided they comply with each state's governing law. Contractual Indemnification Defined: A contractual indemnification provision ? also known as a ?hold harmless? clause ? seeks to shift certain risk and liability from one party to another.
A local public entity may indemnify an employee of the local public entity for exemplary or punitive damages resulting from the employee's civil violation of State or federal law if, in the opinion of the governing body of the local public entity, the acts committed by the employee upon which the damages are based did ...
Thus, it is critical for every contractor to understand the meaning of indemnification before executing a contract. An indemnification provision is a contractual provision under which one party (the indemnitor) agrees to assume liability for the losses incurred by another party (the indemnitee).
Both New York and New Jersey have anti-indemnity statutes restricting the extent to which a party can be indemnified for its own negligence. Under New Jersey law, an indemnification agreement will not be enforced when it requires indemnification for the indemnitee's sole negligence pursuant to NJSA 2A 40-1.
Indemnification clauses can present real challenges in the New Jersey legal system. These elements of contract law are also referred to as ?hold harmless? clauses and are intended to protect one of the parties to the contract from liability caused by the actions or negligence of the other party.
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.