An Indemnification Agreement is a contract between two parties, whereby one party (the indemnified) agrees to protect the other party (the indemnified) from any losses or damages which they may suffer as a result of the indemnified’s actions. Thindemnifieder agrees to assume all liability for any losses or damages which may occur, and to reimburse or compensate the indemnified for any expenses or losses they may incur. Indemnification Agreements come in a variety of forms, depending on the type of liability which is being indemnified. Common types of Indemnification Agreements include: 1. General Indemnification Agreements: These are typically used to protect against any general liability which may arise from a party’s actions. 2. Contractual Indemnification Agreements: These are used to protect against any losses or damages which may arise as a result of a breach of a contract. 3. Intellectual Property Indemnification Agreements: These are used to protect against any losses or damages which may arise as a result of the infringement of a party’s intellectual property rights. 4. Product Liability Indemnification Agreements: These are used to protect against any losses or damages which may arise as a result of a product malfunction or defect.
Indemnity Agreement
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