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indemnity clause

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
indemnity clause

See hold-harmless clause.



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With the Waiver of Indemnity Clause the government can encourage potential bidders otherwise wary of possible patent infringement as to certain patents to submit an offer.
The resource also includes information on methods and strategies for limiting liability and advice and commentary on strengthening indemnity clauses to corporate bylaws, tax-related issues, recent court decisions and regulations.
For those people in construction who sign such contracts and understand what an indemnity clause is, (1) there are three basic schools of thought on whether a contractual undertaking to hold someone harmless from that other person's own wrongful acts is fair.
 
 
 
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