Oklahoma Terms of Use for an Adult Oriented Web Site
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How to fill out Terms Of Use For An Adult Oriented Web Site?
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1 attorney answer As required by our Legal Terms, attorneys must disclose if any AI is used in answering your question. The text message would not be considered a contract, rather it would be used as evidence to prove that the contract existed. It demonstrates the terms that you both agreed on the contract...
Indemnification is protection against loss or damage. When a contract is breached, the parties look to its indemnity clause to determine the compensation due to the aggrieved party by the nonperformer. The point is to restore the damaged party to where they would have been if not for the nonperformance.
§15-221. "Construction agreement" defined - Limitations on liability arising out of death or bodily injury void - Exceptions.
An indemnity is a primary obligation and is an agreement by one party to bear the cost of certain losses or liabilities suffered by another party in certain circumstances.
A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative, other than an action by or in the right of the corporation, by reason of the ...
A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative, other than an action by or in the right of the corporation, by reason of the ...
Consideration does not have to be a payment, though; it can also be another good or service. Most business contracts are in writing, though Oklahoma law does allow for oral contracts. For a written contract to be valid, it should be signed and dated by all of the interested parties.
Are indemnification clauses enforceable? Indemnification clauses are generally enforceable, but there are important qualifications. Some courts hold that broad form or ?no fault? indemnifications, which are blind to fault on the part of either party, violate public policy.