Indemnification Clause For Service Contract

Name: Indemnification Clause For Service Contract
Brand: US Legal Forms
Rating: 4.61 (479 reviews)

Category:

Trusts - Indemnification

State:

Multi-State

Control #:

US-0777-WG

Format:

Instant download

Description Indemnification Agreement Sample

Indemnitors covenant and agree to defend, indemnify and hold harmless, absolutely and unconditionally, the indemnitee from and against any and all damages, losses, claims, demands, actions, causes of actions, costs, expenses, liabilities and obligations of any kind whatsoever, including, but not limited to, attorney's fees in a certain matter.

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Indemnification Contract Other Form Names

Indemnification Document Indemnification Fill Indemnification Buy Indemnification Online Indemnification Statement Indemnification Trust Indemnity Fund

Indemnification Agreement Template FAQ

"Each party agrees to indemnify, defend, and hold harmless the other party from and against any loss, cost, or damage of any kind (including reasonable outside attorneys' fees) to the extent arising out of its breach of this Agreement, and/or its negligence or willful misconduct."

To indemnify means to compensate someone for his/her harm or loss. 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.

Company/Business/Individual Name shall fully indemnify, hold harmless and defend and its directors, officers, employees, agents, stockholders and Affiliates from and against all claims, demands, actions, suits, damages, liabilities, losses, settlements, judgments, costs and expenses (including but not

Indemnity clauses are most commonly misused for two reasons: That if a risk is not covered by an indemnity, a party will not have adequate means of recovering its loss if the risk materialises. That an indemnity clause has advantages over a claim for damages such that if they can be used, they should be used.

Example 1: A service provider asking their customer to indemnify them to protect against misuse of their work product. Example 2: A rental car company, as the rightful owner of the car, having their customer indemnify them from any damage caused by the customer during the course of the retnal.

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An indemnity agreement is a contract that 'holds a business or company harmless' for any burden, loss, or damage. Contracts involve a promise to do something, to provide goods or services.These Standard Clauses are unilateral indemnification clause under Ohio law. Like most supply of goods and services agreements, the seller, supplier, or service.

Indemnification Clause For Service Contract

Description Indemnification Agreement Sample

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How to fill out Indemnification Clause For Service Contract?

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Indemnification Contract Other Form Names

Indemnification Agreement Template FAQ

What is a reasonable indemnification clause?

What is an indemnification clause and why might I want to include one in a contract?

How do you write an indemnification clause?

Should I accept an indemnity clause?

What is an example of indemnification clause?

Interesting Questions

What is an indemnification clause in a service contract?

Why is an indemnification clause important in a service contract?

What does 'indemnify' mean?

Who is usually responsible for indemnifying in a service contract?

Can the indemnification clause be negotiated in a service contract?

Does the indemnification clause cover all possible losses or damages?

What should be considered while reviewing an indemnification clause in a multi-state service contract?

Are there any limitations to the indemnification clause in a service contract?

What happens if a party breaches the indemnification clause in a service contract?

Should I consult a legal professional while drafting or reviewing an indemnification clause?

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