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indemnity
(redirected from Indemnity clause)

   Also found in: Legal, Financial, Wikipedia, Hutchinson 0.01 sec.
indemnity
1. legal exemption from penalties or liabilities incurred through one's acts or defaults
2. (in Canada) the salary paid to a member of Parliament or of a legislature
3. act of indemnity an act of Parliament granting exemption to public officers from technical penalties that they may have been compelled to incur


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Here is a list of some of the core principles courts use to evaluate the language of a waiver, release, or indemnity clause.
Indemnity clause transformations in California represent a major change in how contractors and developers limit liability.
Indemnity Clauses and Hold Harmless Clauses often go "hand in hand" in contracts.
 
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