Indemnity Definition Law. When it is used in the legal sense, indemnity may also refer to an exemption. an undertaking by one person to make good losses suffered by another. an indemnity clause ultimately amounts to an assurance by a party that they will cover the cost of any loss or damage. the principle of indemnifying means compensating a party for their loss. When a court makes a judgement or order, they can order that one party pay the other's legal costs either on ordinary basis or. Frequently confused with guarantee, an indemnity is. indemnity is compensation for damage or loss through insurance. an indemnity in a contract is a promise by one party to compensate the other party for loss or damage suffered by. Indemnity costs are only awarded in certain circumstances some of. content of the duty to act in good faith. A failure by an innocent party to mitigate its loss following a breach of.
from www.investopedia.com
When a court makes a judgement or order, they can order that one party pay the other's legal costs either on ordinary basis or. A failure by an innocent party to mitigate its loss following a breach of. When it is used in the legal sense, indemnity may also refer to an exemption. indemnity is compensation for damage or loss through insurance. an indemnity clause ultimately amounts to an assurance by a party that they will cover the cost of any loss or damage. an undertaking by one person to make good losses suffered by another. Indemnity costs are only awarded in certain circumstances some of. Frequently confused with guarantee, an indemnity is. an indemnity in a contract is a promise by one party to compensate the other party for loss or damage suffered by. the principle of indemnifying means compensating a party for their loss.
What Is Indemnity Insurance? How It Works and Examples
Indemnity Definition Law Indemnity costs are only awarded in certain circumstances some of. an indemnity clause ultimately amounts to an assurance by a party that they will cover the cost of any loss or damage. A failure by an innocent party to mitigate its loss following a breach of. an undertaking by one person to make good losses suffered by another. Frequently confused with guarantee, an indemnity is. Indemnity costs are only awarded in certain circumstances some of. content of the duty to act in good faith. When it is used in the legal sense, indemnity may also refer to an exemption. indemnity is compensation for damage or loss through insurance. When a court makes a judgement or order, they can order that one party pay the other's legal costs either on ordinary basis or. the principle of indemnifying means compensating a party for their loss. an indemnity in a contract is a promise by one party to compensate the other party for loss or damage suffered by.
:max_bytes(150000):strip_icc()/indemnity_insurance.asp-finalv2-2e2d190b2b94472c81af5d2b549c975a.png)