indemnification

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Related to indemnify: indemnify against

indemnification

A contractual obligation by which one person or organization agrees to secure another against loss or damage from specified liabilities.
References in periodicals archive ?
The court reasoned that plaintiff was required to serve a notice of claim pursuant to General Municipal Law [section] 50-e because the County is statutorily obligated to indemnify defendant under "the County legislature's resolution of May 16, 1985.
Mr Justice Stephens had put a stay on the payout until he resolved the case over its refusal to indemnify him.
In most insurance contracts, the insurer agrees to both indemnify the policyholder (i.
Is it possible to have a duty to indemnify but not a corresponding duty to defend?
Under the current Commercial Companies Law a company is permitted to indemnify their director against liabilities arising from the performance of their duties as a director of the company.
ISLAMABAD -- National Assembly (NA) Wednesday approved a resolution presented by law minister Farooq H Naik to indemnify steps taken by former premier Syed Yusuf Raza Gilani.
A knock-for-knock provision provides that each party to the agreement agrees to indemnify the other (and their respective contractors) for claims arising from their own company's employees, regardless of who is at fault.
Your policy may make your promise to indemnify the vendor of your products an "insured contract," in which ease you will be indemnified for the sums you are required to pay in fulfilling that promise.
In such a case, the subsidiary may agree to indemnify the parent for any income taxes that the parent may be assessed related to the resolution of the subsidiary's prior uncertain tax positions.
For example, a tenant who operates a gymnastics school might agree in a lease to indemnify the landlord for all damages claimed against the landlord if an injured gymnast sues the landlord.
The night and tenth issues of 50 million euros is going to indemnify the remaining 600 citizens having reported confiscated land.
Accordingly, corporate officers and directors vigorously began to pursue the protection of corporate indemnification, and corporations responded by seeking the power to indemnify their directors and officers.