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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".
have and hold [1] heirs and successors; high crimes and misdemeanors; hue and cry; indemnify and hold harmless [1] infangthief and outfangthief; joint and several liability; keep and perform [1] kind and nature [1] law and order; legal and valid [1] let or hindrance; lewd and lascivious conduct; liens and encumbrances [1] make and enter into [1 ...
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.
7. Invest in yourself. One of the smartest investments the wealthy make is in their own skills.If you have an interest in a certain area, you can upgrade your skills, whether through courses or ...
This sweater and wide-leg pant set looks way more high-end than the price suggests. The slouchy oversized silhouette is the perfect comfy, ready-for-a-cozy-day-at-home fit.
Stocks and Sauces. Whether you’re preserving your summer basil bounty in pesto sauce or have quarts of turkey stock left after making the most of your Thanksgiving leftovers, your freezer is the ...
The relationship between "indemnify" and "hold harmless" really isn't clear, and most lawyers use "indemnify and hold harmless" without actually understanding what they are saying. But "hold harmless" probably just means that one party will ensure that another party will not suffer any detriment in respect of whatever is being referred to - in ...
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