This form brings together several boilerplate contract clauses that work together to outline the procedures, restrictions, exclusivity and other aspects of an indemnity provided for under the terms of the contract agreement.
Rhode Island Indemnification — Long-Form Provision is a legal concept that aims to protect parties involved in contracts or agreements within the state of Rhode Island from potential risks and liabilities. This provision outlines the terms and conditions under which one party, often referred to as the indemnity, agrees to compensate or reimburse the other party, known as the indemnity, for any losses, damages, or expenses incurred due to certain specified events or situations. The Rhode Island Indemnification — Long-Form Provision typically covers a wide range of scenarios, making it a comprehensive and versatile clause for risk allocation. It can include indemnification for: 1. Third-party claims: This refers to situations where a third party files a claim against the indemnity for damages or losses caused by the indemnity's actions or omissions. The provision ensures that the indemnity is responsible for defending the indemnity and covering any damages awarded. 2. Breach of contract: If the indemnity violates the terms and conditions of the contract, resulting in financial losses or damages for the indemnity, the long-form provision can include indemnity clauses to address this specific scenario. 3. Negligence or misconduct: This provision can extend to hold the indemnity liable for any losses or damages caused by their negligence, intentional misconduct, or violation of legal obligations. 4. Intellectual property disputes: If the indemnity's use of intellectual property infringes upon the rights of a third party, resulting in legal disputes or financial liability for the indemnity, the provision can cover indemnification in this context. 5. Product liability: In cases where the indemnity is a manufacturer or supplier of products, this provision may address situations where the indemnity faces claims, losses, or expenses due to defects or harmful effects arising from the indemnity's products. 6. Environmental damages or violations: If the indemnity's activities or operations cause environmental harm, such as pollution or non-compliance with environmental regulations, the long-form provision can include indemnification provisions to protect the indemnity from such liabilities. It is important to note that the exact language and scope of the Rhode Island Indemnification — Long-Form Provision may vary depending on the specific contract or agreement. Parties involved should consult legal professionals experienced in Rhode Island law to ensure the provision accurately reflects their rights and obligations.
