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 insurance policy provides that the insurer will indemnify the lessor/lessee [or use "insured" to be consistent with paragraph 31] for the loss (i.e.
Schwartz told press at LinuxWorld: "I'm going to indemnify my customers' products.
Thereafter the estate of the deceased sued the landlord, who defended based upon an indemnification provision in a lease that required the tenant to indemnify the landlord against "any and all claims for damages for any personal injury or loss of life in and around the demised premises." (42) It is significant to note that the tenant had no control over the exploding gas line.
Vendor agrees to indemnify, defend, and hold harmless the association and its officers, directors, employees, members, volunteers, agents, successors, and assigns, from any and all losses, claims, demands, suits, costs, expenses (including reasonable attorneys' fees) of whatever nature and description arising from or in connection with Vendor's breach of this contract, or Vendor's negligence or willful misconduct, or a third-party claim arising out of Vendor's performance under this contract."
Mr Robin Baird-Smith, managing director of the publishing firm, told The Birmingham Post that Sir Louis signed a clause when the book was being released to indemnify them from any legal costs that might arise from it.
If possible the contract should indemnify the nursing facility for any untoward acts or omissions.
While a manager is frequently required to indemnify the owner against the manager's negligence, this standard can be watered down by requiring a showing of gross negligence or at least active, affirmative negligence.
One proposal is to use the War Powers Act to indemnify defense-related contractors.
Baltimorewon't oppose the dismissal of the localpolice union from a lawsuit overwhetherthe city must indemnify former Gun Trace Task Force officers in cases against them.
A UK commitment to indemnify the EU against single market infractions is among a set of alternative proposals to replace the Irish border backstop.
Eligibility Criteria : The Supplier, who has terminated the Contract not for the fault of the Contracting Authority, shall indemnify the Contracting Authority for the losses incurred and shall pay a fine of EUR 5000.00 (EUR 5,000.00);
Baltimore filed a complaint for declaratory judgment last year asking the circuit court to determine the city does not have to indemnify the officers against any civil judgments that may be obtained in lawsuits filed by their victims.