Is there a duty to mitigate under an indemnity?

There's no obligation to mitigate loss: If a claim under an indemnity is a debt claim, it's clear that there's no obligation on the party benefitting from the indemnity to mitigate its loss (though there would probably be good commercial reasons for doing so).

Contra Costa California Indemnities

Name: Contra Costa California Indemnities
Brand: US Legal Forms
Rating: 4.7 (283 reviews)

Category:

Oil Gas and Minerals - Assignments

State:

Multi-State

County:

Contra Costa

Control #:

US-OG-499

Format:

Instant download

Description

The Indemnities form, the assignor agrees the indemnities and holds the assignee free from any. Contra Costa California Indemnities, also known as Contra Costa County Indemnities, refer to insurance policies or legal agreements that provide protection against losses, damages, or liabilities incurred within Contra Costa County, California. These indemnities are designed to safeguard individuals, businesses, organizations, and government entities against potential risks and financial burdens arising from various circumstances. It is important to note that while Contra Costa California Indemnities may encompass a wide range of coverage options, the specific types and terms can vary depending on the nature of the indemnifying party, the insured party, and the purpose of the indemnification. Some common types of Contra Costa California Indemnities are: 1. General Liability Indemnity: This type of indemnity typically protects against claims related to bodily injury, property damage, personal injury, or advertising injury arising from the insured party's operations within Contra Costa County. 2. Professional Indemnity: Specifically tailored for professionals such as doctors, lawyers, engineers, and consultants, this indemnity offers protection against liability claims arising from errors, omissions, or professional negligence that occurred in the course of their professional services provided in Contra Costa County. 3. Workers' Compensation Indemnity: This indemnity aims to provide coverage for employers in Contra Costa County for claims made by employees who suffer work-related injuries or illnesses. It typically covers medical expenses, lost wages, and rehabilitation costs. 4. Environmental Indemnity: In a region like Contra Costa County, where there is a considerable industrial presence, this type of indemnity protects against losses associated with environmental pollution, hazardous material incidents, or remediation efforts to ensure compliance with environmental regulations. 5. Contractual Indemnity: Contractual indemnities are agreements where one party assumes the liability or responsibility for specific risks or losses incurred by the other party due to contractual obligations. These indemnities are commonly used in various business transactions and contracts within Contra Costa County. 6. Public Entity Indemnity: Public entities, such as government agencies or municipalities within Contra Costa County, may obtain specialized indemnity coverage to protect themselves from liability claims arising from their operations, public facilities, or public services. These are just a few examples of the various types of Contra Costa California Indemnities available. It is crucial for individuals and businesses in Contra Costa County to carefully review the terms and coverage of the specific indemnity policy or agreement they require ensuring comprehensive protection against potential risks and liabilities. Consulting with insurance professionals or legal advisors familiar with Contra Costa County regulations can help in selecting the most suitable indemnity coverage for individual needs.

Contra Costa California Indemnities, also known as Contra Costa County Indemnities, refer to insurance policies or legal agreements that provide protection against losses, damages, or liabilities incurred within Contra Costa County, California. These indemnities are designed to safeguard individuals, businesses, organizations, and government entities against potential risks and financial burdens arising from various circumstances. It is important to note that while Contra Costa California Indemnities may encompass a wide range of coverage options, the specific types and terms can vary depending on the nature of the indemnifying party, the insured party, and the purpose of the indemnification. Some common types of Contra Costa California Indemnities are: 1. General Liability Indemnity: This type of indemnity typically protects against claims related to bodily injury, property damage, personal injury, or advertising injury arising from the insured party's operations within Contra Costa County. 2. Professional Indemnity: Specifically tailored for professionals such as doctors, lawyers, engineers, and consultants, this indemnity offers protection against liability claims arising from errors, omissions, or professional negligence that occurred in the course of their professional services provided in Contra Costa County. 3. Workers' Compensation Indemnity: This indemnity aims to provide coverage for employers in Contra Costa County for claims made by employees who suffer work-related injuries or illnesses. It typically covers medical expenses, lost wages, and rehabilitation costs. 4. Environmental Indemnity: In a region like Contra Costa County, where there is a considerable industrial presence, this type of indemnity protects against losses associated with environmental pollution, hazardous material incidents, or remediation efforts to ensure compliance with environmental regulations. 5. Contractual Indemnity: Contractual indemnities are agreements where one party assumes the liability or responsibility for specific risks or losses incurred by the other party due to contractual obligations. These indemnities are commonly used in various business transactions and contracts within Contra Costa County. 6. Public Entity Indemnity: Public entities, such as government agencies or municipalities within Contra Costa County, may obtain specialized indemnity coverage to protect themselves from liability claims arising from their operations, public facilities, or public services. These are just a few examples of the various types of Contra Costa California Indemnities available. It is crucial for individuals and businesses in Contra Costa County to carefully review the terms and coverage of the specific indemnity policy or agreement they require ensuring comprehensive protection against potential risks and liabilities. Consulting with insurance professionals or legal advisors familiar with Contra Costa County regulations can help in selecting the most suitable indemnity coverage for individual needs.

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FAQ

In California, equitable indemnity applies when there are two wrongdoers ('tortfeasors') who are both jointly and severally liable for harm to someone. They are entitled to have their liability split between them based on their comparable fault.

Most states hold that indemnity provisions are enforceable as written. These clauses will likely be construed in accordance with the rules of construction that apply to contracts generally. However, the freedom to contract will be limited by Courts who will disallow contracts in contravention of public policy.

The rule of indemnity, or the indemnity principle, says that an insurance policy should not confer a benefit that is greater in value than the loss suffered by the insured. Indemnities and insurance both guard against financial losses and aim to restore a party to the financial status held before an event occurred.

The duty of someone who was wronged to make reasonable efforts to limit the resulting harm. A duty to mitigate can apply to the victim of a tort or a breach of contract. Neglecting a duty to mitigate precludes the recovery of damages that could have been avoided through reasonable efforts.

There's no obligation to mitigate loss: If a claim under an indemnity is a debt claim, it's clear that there's no obligation on the party benefitting from the indemnity to mitigate its loss (though there would probably be good commercial reasons for doing so).

Just as a limit of liability would not restrict an obligation to develop software or any other obligation to perform it does not restrict obligations to perform an indemnity.

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.

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.

The duty to indemnify means the insurer's duty to pay the claim, by funding a settlement or paying a judgment against the insured. Unlike the duty to defend, which is typically determined by the policy and petition, the duty to indemnify is based on any and all information developed in the underlying suit or claim.

Alternatively, inclusion of the words "on demand" may mean that the indemnified party can argue that its claim under the indemnity should be paid as soon as the claim has been made (or at least as soon as the amount has been agreed between the parties).

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Contra Costa County Office of the Sheriff. Contra Costa County Office of Education. 2.Once you find a job that interests you, simply select "Apply. " It typically takes 15 minutes to fill out the application form. Scheduled so as not to disrupt completing the work of the District. The facts are not in dispute. Local 1021 shall indemnify, defend and hold the Contra Costa Mosquito and Vector Control District harmless against any. Sellers who need help in completing their disclosure obligations should consult with their own qualified,. And between DUBLIN SAN RAMON SERVICES DISTRICT, a public agency in the counties of.

Please call or fax. This website provides general information only. It does not give legal advice. Information about the California Environmental Quality Act, Clean Water and Coastal Project Act, Local Environmental Projects Act, Hazardous Waste Disposal Act, Civil Rehabilitation Act, General Contract Law, Franchise Tax Law, General Business Law, Private Employment Law and more. ©2 California Environmental Quality Act, Environmental Quality Division, Department of the Environment.

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Contra Costa California Indemnities

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FAQ

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