CPA firms often seek indemnification
from clients for any claims made against the firm that arise from management's misrepresentation or intentional withholding of information.
It's a good idea to talk to an experienced professional to make sure that when buying insurance you don't give up a substantial part of the claims control you fought so hard to attain through your carefully crafted intellectual property indemnification
is a required piece of an effective program, it could leave an owner or manager chasing after the assets of their vendor.
In the credit union context, indemnification
is only allowed for a civil proceeding, not criminal.
In reviewing this prior case law, the appellate court considering the appraiser's appeal noted that whether or not additional terms--such as an indemnification
provision--should be considered part of a contract between an appraiser and the client depends heavily on the prevailing practices in the industry and on the prior course of dealing between the parties.
The property owners thus request that this Court adopt the following general rule: a party may be liable for common law indemnification
upon a showing that the party (i.
In fact, based upon the terms of the indemnification
agreement, the court found that it was unlikely that Georgia Pacific would ever seek reimbursement from Canal.
In such jurisdictions, the language quoted above may be inadequate to protect the contractor for that portion of the damage that results from its own negligence, as the provision could also be interpreted to limit indemnification
to those damages caused by the subcontractor's negligence.
The fact that the hospital settled the case against it for $1 Million did not extend its right to seek indemnification
from any of the doctors who were allegedly responsible for the negligence, which the hospital acknowledged by settling for $1 Million.
Accounting for an income tax indemnification
arrangement depends upon whether the company is obligated to the taxing authority, the relationship between the parties and the type of transaction.
28, 2011 (TAP) - The indemnification
, decided by the Government, for martyrs' families and injured of the People's Revolution, continued on Friday in several regions of the country.
Doctrines that define entitlements to indemnification
carry high stakes for corporate directors and officers because, through a right to indemnity, a director or officer may shift litigation-related costs to his or her corporation.