Ads
related to: indemnification clause sample for contractorslawdepot.com has been visited by 100K+ users in the past month
A+ Highest Rating - Better Business Bureau
- Release of Liability Form
Customize a Liability Release Form
by Answering Simple Questions.
- Release Agreement Forms
Edit and Print Your Release Form.
Custom Built. Instantly Access.
- Release of Liability Form
uslegalforms.com has been visited by 100K+ users in the past month
pdffiller.com has been visited by 1M+ users in the past month
Search results
Results from the WOW.Com Content Network
For example, in California indemnification clauses do not cover certain risks unless the risks are listed in the contract, but in New York, the brief clause, "X shall defend and indemnify Y for all claims arising from the Product" makes X responsible for all claims against Y. [13] Indemnity can be extremely costly since X's liability insurance ...
Indemnity clauses. s4, A party dealing as a consumer cannot contract to indemnify a third party on behalf of the other party, except insofar as it satisfies the requirement of reasonableness. Sale of goods . s6(3), Implied terms as to description, quality and sample ( Sale of Goods Act 1979 ss 13–15) may only be reasonably excluded where ...
The rationale is economic and administrative efficiency: While an insurer may be able to pursue a recovery from the party responsible for an accident or from its policy-holder, this is a costly administrative procedure. The knock-for-knock agreement simplifies recovery claims among insurers and, over time, attributes costs fairly among insurers.
Directors and officers liability insurance (also written directors' and officers' liability insurance; [1] often called D&O) is liability insurance payable to the directors and officers of a company, or to the organization itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for ...
A gross-up clause is also used when a payment that is made will be subject to taxes and the payer makes an additional payment to indemnify the recipient against the taxes – that payment will also be subject to tax. The sequence of additional payment, tax calculation, additional payment continues until the recipient receives the same amount ...
A letter of comfort, sometimes called a "letter of intent", is a communication from a party to a contract to the other party that indicates an initial willingness to enter into a contractual obligation absent the elements of a legally enforceable contract. The objective is to create a morally binding but not legally binding assurance.
Ads
related to: indemnification clause sample for contractorslawdepot.com has been visited by 100K+ users in the past month
A+ Highest Rating - Better Business Bureau
uslegalforms.com has been visited by 100K+ users in the past month
pdffiller.com has been visited by 1M+ users in the past month