To indemnify, also known as indemnity or indemnification, means compensating a person for damages or losses they have incurred or will incur related to a specified accident, incident, or event.

Sep 13, 2024 · What does indemnification mean in company law? In company law, more often referred to as business law, indemnification refers to the process of a company agreeing to compensate its …

What is indemnification? In law, indemnification commonly refers to a contractual obligation to not hold one party responsible for damage or loss, and to, instead, hold the other party responsible for costs …

An indemnification clause ensures that you don’t face civil damages in several legal situations. In this article, we discuss indemnification, how it works in legal contracts, different types of indemnification, …

What does indemnification mean? Indemnification is the act of providing protection or security against potential damages or loss or compensating someone for damages or money spent.

Anthony D'alessandro, Deadline, 6 Sep. 2025 Redlined documents fly back and forth as parties try to shift liability caps, indemnification provisions and what constitutes force majeure.

INDEMNIFICATION definition: 1. the act of paying or promising to pay someone an amount of money if they suffer damage or loss…. Learn more.

Definition of indemnification noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

Indemnification is a legal agreement by one party to hold another party blameless – not liable – for potential losses or damages.

Apr 10, 2025 · When parties enter into a contract, they often include an indemnification clause to protect one or both parties from potential financial losses and cost implications.