What is an example of indemnity?

A common example of indemnification happens with reagrd to insurance transactions. This often happens when an insurance company, as part of an individual's insurance policy, agrees to indemnify the insured person for losses that the insured person incurred as the result of accident or property damage.

What is transactional indemnity?

The Parties agree that this transaction has been carefully structured to qualify as a "tax-free" reorganization pursuant to Code Section 368, and the Parties have had the opportunity to consult with their own tax advisors in that regard.

What is the purpose of an indemnification agreement?

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.

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Indemnification Agreement for Litigation

Orange California Indemnification Agreement for Litigation

Name: Orange California Indemnification Agreement for Litigation
Brand: US Legal Forms
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Contracts - Indemnification

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Multi-State

County:

Orange

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US-60786

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This is a multi-state form covering the subject matter of the title.

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A common example of indemnification happens with reagrd to insurance transactions. This often happens when an insurance company, as part of an individual's insurance policy, agrees to indemnify the insured person for losses that the insured person incurred as the result of accident or property damage.

Indemnity costs are all costs, including fees, charges, disbursements, expenses and remuneration, incurred by a party to litigation in undertaking proceedings provided they have not been unreasonably incurred or are not of an unreasonable amount.

California Civil Code § 2772 defines indemnity as. a contract by which one engages to save another from a legal consequence of the conduct of one of the parties, or of some other person.

The Parties agree that this transaction has been carefully structured to qualify as a "tax-free" reorganization pursuant to Code Section 368, and the Parties have had the opportunity to consult with their own tax advisors in that regard.

While generally, indemnity contracts for negligence are enforceable, the strict rule of construction in California is that indemnity for active negligence requires explicit language in the clause that negligence of the indemnitee is to be included.

An indemnity agreement is a contract that protect one party of a transaction from the risks or liabilities created by the other party of the transaction. Hold harmless agreement, no-fault agreement, release of liability, or waiver of liability are other terms for an indemnity agreement.200c

Indemnity is a contractual agreement between two parties. In this arrangement, one party agrees to pay for potential losses or damages caused by another 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.

The key difference between public liability and professional indemnity is that while public liability covers for risks of injury or damage, professional indemnity is focused on the work side of things, covering for professional errors and negligence.

Why do I need an indemnity clause? Indemnity clauses are used to manage the risks associated with a contract, because they enable one party to be protected against the liability arising from the actions of another party.

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I understand that my signing this Indemnity, Release of Liability and. Note: Users should also ensure that their commercial and legal advisors are consulted in the final choice.In re "Agent Orange" Product Liability Litigation, 506 F. Supp. Please fill out this application as completely as possible. An indemnification agreement may serve several purposes. Get insurance from a company that's been trusted since 1936. See how much you can save with GEICO on insurance for your car, motorcycle, and more. Cigna, a global health service company, offers health, pharmacy, dental, supplemental insurance and Medicare plans to individuals, families, and businesses. Official Site of Anthem Blue Cross Blue Shield, a trusted health insurance plan provider. The Rocky Flats Plant was a U.S. manufacturing complex that produced nuclear weapons parts in the western United States, near Denver, Colorado.

Orange California Indemnification Agreement for Litigation

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What is an example of indemnity?

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What is indemnification agreement California?

What is transactional indemnity?

Are indemnification clauses enforceable in California?

What is an indemnification agreement?

How do you explain an indemnity?

What is the purpose of an indemnification agreement?

Is indemnity the same as liability?

Why indemnity is required?

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