Search results
Results from the WOW.Com Content Network
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".
The third-party defendant must then assert any defense under Rule 12 and any counterclaim under Rule 13(a), and may assert any counterclaim under Rule 13(b) or any cross-claim under Rule 13(g). Rule 14(a)(4): Any party may move to strike the third-party claim, to sever it, or to try it separately.
Subrogation typically arises in three-party situations. Some common examples of subrogation include: Indemnity insurance. An indemnity insurer may be entitled to be subrogated to the rights of insured as against a third party who is responsible for the damage to the insured. Law of guarantees.
Notwithstanding his dalliance with criminal justice reform and his castigation of law enforcement officials he says have abused their powers to target him, Donald Trump has always been inclined to ...
Example: As the bank couldn't locate Alex, he wasn't served with the claim, and so only Bobbie was party to the action. The court gives judgment against her, but the bank finds she cannot pay. The court gives judgment against her, but the bank finds she cannot pay.
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 ...
An indemnifying party is a party that agrees to indemnify any damages that it or any other party has caused or may cause at some point in the future. They engage their own lawyers and bear the legal costs associated with the litigation .
Old Lyme class action lawsuit, it claims Old Lyme Gourmet Co. labeled certain Deep River brand chips with the “non-GMO ingredients” graphic, giving consumers the impression the snacks were ...