Indemnified Parties definition: Copy, customize, and use instantly
Introduction
The term "Indemnified Parties" refers to individuals or entities that are entitled to protection against specified liabilities, claims, or damages under a contract or agreement. These protections typically arise from indemnification clauses, where another party agrees to compensate the indemnified parties for losses or claims that may arise in certain circumstances. The scope and extent of indemnification are defined in the agreement.
Below are various examples of how "Indemnified Parties" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Indemnified Parties" in corporate bylaws
This definition ties "Indemnified Parties" to directors and officers.
"Indemnified Parties" means any current or former directors, officers, employees, or agents of the corporation entitled to indemnification for liabilities incurred in the performance of their duties, as provided in the corporation’s bylaws.
Definition of "Indemnified Parties" in loan agreements
This definition connects "Indemnified Parties" to lender protections.
"Indemnified Parties" refers to the lenders, agents, affiliates, and their respective officers, directors, employees, and representatives, who are entitled to indemnification for losses, liabilities, or claims arising under this agreement.
Definition of "Indemnified Parties" in M&A agreements
This definition links "Indemnified Parties" to transactional protections.
"Indemnified Parties" includes the buyer, its affiliates, and their respective officers, directors, employees, and agents, who are entitled to indemnification for claims or liabilities related to the transaction.
Definition of "Indemnified Parties" in service agreements
This definition applies "Indemnified Parties" to contractors or clients.
"Indemnified Parties" means any party to this agreement, including their employees, agents, or subcontractors, who are entitled to indemnification for claims or damages arising from the other party’s breach, negligence, or misconduct.
Definition of "Indemnified Parties" in employment agreements
This definition ties "Indemnified Parties" to employee protections.
"Indemnified Parties" means any employee, officer, or representative of the company entitled to indemnification for liabilities or claims arising from actions performed in the course of their employment.
Definition of "Indemnified Parties" in partnership agreements
This definition connects "Indemnified Parties" to partner protections.
"Indemnified Parties" includes any partner, their affiliates, and their representatives who are entitled to indemnification for claims, losses, or liabilities arising from the partnership’s activities.
Definition of "Indemnified Parties" in consulting agreements
This definition links "Indemnified Parties" to consultant protections.
"Indemnified Parties" refers to the consultant, its employees, agents, and subcontractors, who are entitled to indemnification for losses, damages, or claims resulting from the services provided under this agreement.
Definition of "Indemnified Parties" in real estate agreements
This definition ties "Indemnified Parties" to transaction stakeholders.
"Indemnified Parties" means any buyer, seller, broker, or agent entitled to indemnification for liabilities or claims arising from real estate transactions covered by this agreement.
Definition of "Indemnified Parties" in franchise agreements
This definition connects "Indemnified Parties" to franchise participants.
"Indemnified Parties" includes the franchisor, franchisee, and their respective employees or agents entitled to indemnification for claims, damages, or losses resulting from their activities under this agreement.
Definition of "Indemnified Parties" in joint venture agreements
This definition links "Indemnified Parties" to co-venturers.
"Indemnified Parties" refers to any joint venture partner, their affiliates, and representatives who are entitled to indemnification for liabilities arising from the joint venture’s operations.
Definition of "Indemnified Parties" in intellectual property agreements
This definition ties "Indemnified Parties" to IP stakeholders.
"Indemnified Parties" means any licensor or licensee entitled to indemnification for claims, damages, or liabilities arising from intellectual property disputes or infringement claims.
Definition of "Indemnified Parties" in insurance agreements
This definition connects "Indemnified Parties" to policyholders.
"Indemnified Parties" includes the insured party, policy beneficiaries, and their representatives entitled to indemnification for claims covered under the insurance policy.
Definition of "Indemnified Parties" in construction agreements
This definition links "Indemnified Parties" to project participants.
"Indemnified Parties" refers to the contractor, subcontractor, project owner, or any of their agents entitled to indemnification for liabilities or claims arising from construction activities under this agreement.
Definition of "Indemnified Parties" in financial services agreements
This definition ties "Indemnified Parties" to service providers.
"Indemnified Parties" means any financial institution, advisor, or representative entitled to indemnification for liabilities or claims arising from the services provided under this agreement.
Definition of "Indemnified Parties" in supply chain agreements
This definition connects "Indemnified Parties" to supplier protections.
"Indemnified Parties" includes the supplier, distributor, and their respective employees or agents entitled to indemnification for claims or damages resulting from supply chain activities under this agreement.
Definition of "Indemnified Parties" in technology licensing agreements
This definition links "Indemnified Parties" to tech licensors.
"Indemnified Parties" means the licensor, its affiliates, and representatives entitled to indemnification for claims or liabilities arising from the use of licensed technology.
Definition of "Indemnified Parties" in energy supply agreements
This definition ties "Indemnified Parties" to energy providers.
"Indemnified Parties" refers to any energy supplier, distributor, or agent entitled to indemnification for claims or liabilities arising from the supply or use of energy under this agreement.
Definition of "Indemnified Parties" in renewable energy project agreements
This definition connects "Indemnified Parties" to project stakeholders.
"Indemnified Parties" includes any entity involved in the renewable energy project, including the developer, investors, and contractors, entitled to indemnification for claims or liabilities arising from project activities.
Definition of "Indemnified Parties" in healthcare agreements
This definition links "Indemnified Parties" to medical service providers.
"Indemnified Parties" means any healthcare provider, administrator, or representative entitled to indemnification for liabilities or claims arising from the services rendered under this agreement.
Definition of "Indemnified Parties" in nonprofit organization agreements
This definition ties "Indemnified Parties" to nonprofit directors and officers.
"Indemnified Parties" refers to directors, officers, employees, or agents of the nonprofit organization entitled to indemnification for claims or liabilities incurred in their roles.
Definition of "Indemnified Parties" in shareholder agreements
This definition connects "Indemnified Parties" to shareholder protections.
"Indemnified Parties" means any shareholder entitled to indemnification for claims, damages, or liabilities arising from their involvement in the company as outlined in this agreement.
Definition of "Indemnified Parties" in maritime agreements
This definition links "Indemnified Parties" to shipping stakeholders.
"Indemnified Parties" includes any shipowner, operator, or charterer entitled to indemnification for claims or liabilities arising from maritime operations under this agreement.
Definition of "Indemnified Parties" in regulatory compliance agreements
This definition ties "Indemnified Parties" to compliance officers.
"Indemnified Parties" refers to any compliance officer, representative, or agent entitled to indemnification for claims, penalties, or liabilities arising from regulatory compliance activities.
Definition of "Indemnified Parties" in anti-corruption policies
This definition connects "Indemnified Parties" to ethical compliance.
"Indemnified Parties" includes any employee, officer, or representative entitled to indemnification for liabilities or claims arising from enforcing or adhering to anti-corruption policies.
Definition of "Indemnified Parties" in syndicated loan agreements
This definition ties "Indemnified Parties" to lender protections.
"Indemnified Parties" means any lender, administrative agent, or their respective officers, directors, employees, or representatives entitled to indemnification for claims or liabilities arising from the loan facility.
Definition of "Indemnified Parties" in cross-border agreements
This definition connects "Indemnified Parties" to international transactions.
"Indemnified Parties" refers to any party involved in cross-border transactions under this agreement, entitled to indemnification for claims or liabilities arising from jurisdictional or regulatory differences.
Definition of "Indemnified Parties" in intellectual property transfer agreements
This definition links "Indemnified Parties" to IP transfer stakeholders.
"Indemnified Parties" includes the transferor, transferee, and their representatives entitled to indemnification for claims or liabilities arising from intellectual property disputes under this agreement.
Definition of "Indemnified Parties" in energy project financing agreements
This definition ties "Indemnified Parties" to energy project participants.
"Indemnified Parties" means any developer, financier, or contractor involved in the energy project entitled to indemnification for liabilities arising from project operations or financing.
Definition of "Indemnified Parties" in real estate development agreements
This definition connects "Indemnified Parties" to development stakeholders.
"Indemnified Parties" refers to any developer, investor, or contractor entitled to indemnification for claims or liabilities arising from the development project under this agreement.
Definition of "Indemnified Parties" in aviation agreements
This definition links "Indemnified Parties" to airline operations.
"Indemnified Parties" includes any airline operator, lessor, or maintenance provider entitled to indemnification for claims, liabilities, or damages arising from aviation operations under this agreement.
Definition of "Indemnified Parties" in product distribution agreements
This definition ties "Indemnified Parties" to supply chain participants.
"Indemnified Parties" means any distributor, supplier, or manufacturer entitled to indemnification for liabilities or claims arising from product distribution under this agreement.
Definition of "Indemnified Parties" in media and entertainment agreements
This definition connects "Indemnified Parties" to production stakeholders.
"Indemnified Parties" refers to any producer, distributor, or content creator entitled to indemnification for claims or liabilities arising from the production or distribution of media content.
Definition of "Indemnified Parties" in fiduciary agreements
This definition links "Indemnified Parties" to fiduciary responsibilities.
"Indemnified Parties" includes any trustee, fiduciary, or agent entitled to indemnification for liabilities or claims arising from their fiduciary duties under this agreement.
Definition of "Indemnified Parties" in mergers and acquisitions agreements
This definition ties "Indemnified Parties" to acquisition protections.
"Indemnified Parties" refers to the buyer, seller, and their representatives entitled to indemnification for claims or liabilities arising from the merger or acquisition transaction.
Definition of "Indemnified Parties" in financial advisory agreements
This definition connects "Indemnified Parties" to advisory roles.
"Indemnified Parties" means any financial advisor, consultant, or their representatives entitled to indemnification for claims or liabilities arising from the services provided under this agreement.
Definition of "Indemnified Parties" in shipping and logistics agreements
This definition links "Indemnified Parties" to logistics participants.
"Indemnified Parties" includes any shipper, carrier, or freight forwarder entitled to indemnification for claims or liabilities arising from transportation and logistics services under this agreement.
Definition of "Indemnified Parties" in joint defense agreements
This definition ties "Indemnified Parties" to cooperative legal protections.
"Indemnified Parties" refers to any party participating in a joint defense agreement, entitled to indemnification for claims or liabilities arising from joint legal defense activities.
Definition of "Indemnified Parties" in anti-money laundering compliance agreements
This definition connects "Indemnified Parties" to regulatory adherence.
"Indemnified Parties" means any compliance officer, employee, or representative entitled to indemnification for claims or liabilities arising from enforcing anti-money laundering policies.
Definition of "Indemnified Parties" in bankruptcy proceedings
This definition links "Indemnified Parties" to insolvency protections.
"Indemnified Parties" includes any trustee, debtor, or professional advisor entitled to indemnification for claims or liabilities arising from actions taken in bankruptcy proceedings.
Definition of "Indemnified Parties" in public-private partnership agreements
This definition ties "Indemnified Parties" to project stakeholders.
"Indemnified Parties" refers to any public or private entity, contractor, or advisor entitled to indemnification for liabilities arising from activities related to the partnership project.
Definition of "Indemnified Parties" in digital platform agreements
This definition connects "Indemnified Parties" to online operations.
"Indemnified Parties" includes platform operators, users, and their representatives entitled to indemnification for claims or liabilities arising from the use of the digital platform under this agreement.
Definition of "Indemnified Parties" in trade finance agreements
This definition links "Indemnified Parties" to international trade protections.
"Indemnified Parties" means any exporter, importer, or financial institution entitled to indemnification for claims or liabilities arising from trade finance transactions under this agreement.
Definition of "Indemnified Parties" in environmental remediation agreements
This definition ties "Indemnified Parties" to cleanup liabilities.
"Indemnified Parties" refers to any contractor, landowner, or regulator entitled to indemnification for claims or liabilities arising from environmental remediation activities under this agreement.
Definition of "Indemnified Parties" in technology service agreements
This definition connects "Indemnified Parties" to IT services.
"Indemnified Parties" includes any service provider, client, or their representatives entitled to indemnification for claims or liabilities arising from the provision of technology services under this agreement.
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.