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In contract law, an indemnity is a contractual obligation of one party (the indemnitor) to compensate the loss incurred by another party (the indemnitee) due to the relevant acts of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless".
Harmlessness or harmless may also refer to: Legal. Hold harmless, legal term in the contract law concept of indemnity; Harmless error, ...
Not all escrow agreements impose the duties of a legal trustee on the escrow agent, and in many such agreements, escrow agents are held to a mere gross negligence standard and benefit from indemnity and hold harmless provisions. If the escrow agent is licensed by governmental authority, [where?] then much higher legal standards may apply.
Military Claims 'Knock for knock' is also used in a specific, analogous sense, for example, the following, cited in the "Law at War", from the US Army website : In addition to handling these routine matters, the chief of the Claims Section participated in the negotiations with the Korean government concerning the payment of foreign claims generated by troops of the Army of the Republic of ...
One thing people quickly notice about Social Security is that change is virtually inevitable. The most notable change to Social Security benefits in 2025 should be good news. All current ...
NFL Commissioner Roger Goodell on Wednesday said the league is aware of a lawsuit that accuses musician Jay-Z of rape but said it is not impacting the NFL's partnership with the rap mogul's Roc ...
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related to: hold harmless vs indemnity agreement meaning in hindiA+ Accreditation - Better Business Bureau