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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".
An insurance payout is often called an indemnity, or it can be insurance to avoid paying expenses in case of a lawsuit." This seems like a contradiction to me. The first sentence says that indemnity is an exemption to pay for damages. The second sentence says that it is a requirement to pay. Steve Dufour 15:44, 9 November 2006 (UTC)
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But a sentence handed down by a judge in a criminal courtroom in Manhattan on January 10 preserves one of the most important parts of the first-ever criminal trial of a former and future president
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To "indemnify" means to make whole again, or to be reinstated to the position that one was in, to the extent possible, prior to the happening of a specified event or peril. Accordingly, life insurance is generally not considered to be indemnity insurance, but rather "contingent" insurance (i.e., a claim arises on the occurrence of a specified ...
This is a big thing, and it's a brand new thing, and I think it's so important. I'm going to indemnify, through the federal government, all police officers and law enforcement officials throughout ...
The duty to defend is a contractual indemnitor or liability insurer's duty to defend the insured or indemnified party against claims. It is generally broader than the duty to indemnify and may cover defense against claims where ultimately no damage is awarded, and possibly even against claims that would not be covered by the duty to indemnify. [1]