Seven Best Practices for Indemnification Clauses (for Outsourcing, M&A, Employment Agreements, Intellectual Property and Any Deal)
January 30, 2013 by Bierce & Kenerson, P.C. ·
In an indemnification clause, a party contractually promises to cover the losses incurred by another party under contractually described scenarios. An indemnification thus acts like a private insurance policy. The indemnitor pays upon the occurrence of a covered loss. Indemnification clauses are used to allocate specific contingent risks, for liabilities to third parties that might […]