Indemnification Agreement definition: Copy, customize, and use instantly
Introduction
The term "Indemnification Agreement" refers to a legal agreement where one party agrees to compensate or protect another party from specific damages, losses, or liabilities that may arise in the future. It is commonly used in business transactions to allocate risks and protect one party from financial harm due to the actions of the other. These agreements are essential in situations involving contracts, mergers, or service arrangements where risks need to be clearly defined and mitigated.
Below are various examples of how "Indemnification Agreement" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Indemnification Agreement" for liability protection
This definition ties "Indemnification Agreement" to liability protection.
"Indemnification Agreement" refers to an agreement where one party agrees to hold another harmless from any losses, damages, or expenses arising out of specific actions or omissions.
Definition of "Indemnification Agreement" for business transactions
This definition connects "Indemnification Agreement" to business transactions.
"Indemnification Agreement" means a contractual provision in which one party agrees to indemnify the other against claims, damages, or liabilities that arise from business activities or transactions.
Definition of "Indemnification Agreement" for corporate governance
This definition links "Indemnification Agreement" to corporate governance.
"Indemnification Agreement" refers to an agreement between a company and its directors or officers where the company agrees to indemnify them against liabilities incurred in the course of their duties.
Definition of "Indemnification Agreement" for risk allocation
This definition applies "Indemnification Agreement" to risk allocation.
"Indemnification Agreement" means a provision in a contract that allocates risks between the parties, where one agrees to compensate the other for certain types of losses.
Definition of "Indemnification Agreement" for third-party claims
This definition ties "Indemnification Agreement" to third-party claims.
"Indemnification Agreement" refers to an agreement in which one party agrees to indemnify another for damages or claims brought by a third party.
Definition of "Indemnification Agreement" for joint ventures
This definition connects "Indemnification Agreement" to joint ventures.
"Indemnification Agreement" means an agreement between joint venture partners where one agrees to indemnify the other against potential liabilities arising from joint venture activities.
Definition of "Indemnification Agreement" for service contracts
This definition links "Indemnification Agreement" to service contracts.
"Indemnification Agreement" refers to a provision in a service contract where one party agrees to compensate the other for certain liabilities, such as those arising from negligence or breach of contract.
Definition of "Indemnification Agreement" for employment contracts
This definition applies "Indemnification Agreement" to employment contracts.
"Indemnification Agreement" means a provision in an employment contract where an employer agrees to indemnify an employee for liabilities incurred while performing their job duties.
Definition of "Indemnification Agreement" for intellectual property disputes
This definition ties "Indemnification Agreement" to intellectual property disputes.
"Indemnification Agreement" refers to an agreement in which one party agrees to indemnify the other for losses or damages arising from intellectual property claims, such as patent or copyright infringement.
Definition of "Indemnification Agreement" for insurance coverage
This definition connects "Indemnification Agreement" to insurance coverage.
"Indemnification Agreement" means an agreement in which one party agrees to provide compensation to another for certain risks, often backed by insurance policies to cover potential liabilities.
Definition of "Indemnification Agreement" for merger agreements
This definition links "Indemnification Agreement" to merger agreements.
"Indemnification Agreement" refers to a provision in a merger agreement where one party agrees to indemnify the other for any liabilities or obligations incurred post-merger.
Definition of "Indemnification Agreement" for warranties and representations
This definition applies "Indemnification Agreement" to warranties and representations.
"Indemnification Agreement" means an agreement in which one party agrees to indemnify another party for losses resulting from breaches of warranties or representations made in a contract.
Definition of "Indemnification Agreement" for liability insurance
This definition ties "Indemnification Agreement" to liability insurance.
"Indemnification Agreement" refers to a legal agreement where one party agrees to cover the liability of another, often linked to insurance policies or self-insurance provisions.
Definition of "Indemnification Agreement" for shareholder agreements
This definition connects "Indemnification Agreement" to shareholder agreements.
"Indemnification Agreement" means a provision in a shareholder agreement where one party agrees to indemnify others for losses incurred due to specific actions or disputes related to the company's operations.
Definition of "Indemnification Agreement" for litigation expenses
This definition links "Indemnification Agreement" to litigation expenses.
"Indemnification Agreement" refers to an agreement in which one party agrees to cover the costs and expenses related to litigation or legal proceedings faced by another party.
Definition of "Indemnification Agreement" for environmental liabilities
This definition applies "Indemnification Agreement" to environmental liabilities.
"Indemnification Agreement" means a contractual agreement where one party agrees to indemnify another for any environmental liabilities, such as cleanup costs or fines resulting from environmental violations.
Definition of "Indemnification Agreement" for breach of contract
This definition ties "Indemnification Agreement" to breach of contract.
"Indemnification Agreement" refers to a provision in a contract that requires one party to compensate another for losses or damages resulting from a breach of the contract.
Definition of "Indemnification Agreement" for financial statements
This definition connects "Indemnification Agreement" to financial statements.
"Indemnification Agreement" means an agreement in which a company agrees to indemnify its directors or officers for certain liabilities, which may be disclosed in the company’s financial statements.
Definition of "Indemnification Agreement" for business acquisitions
This definition links "Indemnification Agreement" to business acquisitions.
"Indemnification Agreement" refers to a provision in a business acquisition agreement where the buyer or seller agrees to indemnify the other for liabilities arising from the transaction.
Definition of "Indemnification Agreement" for indemnity clauses
This definition applies "Indemnification Agreement" to indemnity clauses.
"Indemnification Agreement" means a clause in a contract where one party agrees to protect the other party from certain types of losses or damages, such as those arising from negligence or misconduct.
Definition of "Indemnification Agreement" for professional services
This definition ties "Indemnification Agreement" to professional services.
"Indemnification Agreement" refers to an agreement where a professional service provider agrees to indemnify the client for any losses, damages, or legal costs arising from the services provided.
Definition of "Indemnification Agreement" for indemnification of officers
This definition connects "Indemnification Agreement" to indemnification of officers.
"Indemnification Agreement" means an agreement where a company agrees to indemnify its officers for actions taken in good faith and within the scope of their duties.
Definition of "Indemnification Agreement" for board members
This definition links "Indemnification Agreement" to board members.
"Indemnification Agreement" refers to an agreement in which an organization agrees to indemnify its board members against legal liabilities and expenses incurred while performing their duties.
Definition of "Indemnification Agreement" for professional liability
This definition applies "Indemnification Agreement" to professional liability.
"Indemnification Agreement" means an agreement where one party agrees to indemnify another for liabilities arising from professional services or advice provided.
Definition of "Indemnification Agreement" for breach of warranty
This definition ties "Indemnification Agreement" to breach of warranty.
"Indemnification Agreement" refers to a provision where one party agrees to indemnify another in case of a breach of warranty or representation under the contract.
Definition of "Indemnification Agreement" for corporate restructuring
This definition connects "Indemnification Agreement" to corporate restructuring.
"Indemnification Agreement" means an agreement in a corporate restructuring where one party agrees to indemnify another against losses arising from changes in corporate structure.
Definition of "Indemnification Agreement" for contractual obligations
This definition links "Indemnification Agreement" to contractual obligations.
"Indemnification Agreement" refers to an agreement where one party agrees to compensate the other for specific losses or liabilities arising from the fulfillment of contractual obligations.
Definition of "Indemnification Agreement" for mergers and acquisitions
This definition applies "Indemnification Agreement" to mergers and acquisitions.
"Indemnification Agreement" means an agreement between merging parties where one agrees to indemnify the other for any liabilities or claims arising post-acquisition.
Definition of "Indemnification Agreement" for tax liabilities
This definition ties "Indemnification Agreement" to tax liabilities.
"Indemnification Agreement" refers to an agreement where one party agrees to indemnify another for tax liabilities that may arise from their business activities or dealings.
Definition of "Indemnification Agreement" for contractual disputes
This definition connects "Indemnification Agreement" to contractual disputes.
"Indemnification Agreement" means a contract provision in which one party agrees to indemnify the other for any disputes or claims arising under the terms of the agreement.
Definition of "Indemnification Agreement" for risk management
This definition links "Indemnification Agreement" to risk management.
"Indemnification Agreement" refers to an agreement that is part of a company's overall risk management strategy, providing compensation for specific types of risks or losses.
Definition of "Indemnification Agreement" for insurance requirements
This definition applies "Indemnification Agreement" to insurance requirements.
"Indemnification Agreement" means a provision in which a company agrees to indemnify its partner or contractor, often tied to the insurance policies required by both parties.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.