Indemnifying Party definition: Copy, customize, and use instantly
Introduction
The term "Indemnifying Party" refers to the party in a contract that agrees to compensate, defend, or hold harmless another party (the indemnified party) against specified losses, damages, or liabilities. It is essential for defining liability and ensuring clarity in risk allocation within agreements.
Below are various examples of how "Indemnifying Party" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Indemnifying Party" as the compensating party
This definition ties "Indemnifying Party" to the obligation to compensate for losses.
"Indemnifying Party" means the party that agrees to indemnify and compensate the indemnified party for losses, damages, or liabilities as specified in this agreement.
Definition of "Indemnifying Party" as the defender of claims
This definition connects "Indemnifying Party" to the responsibility to defend against claims.
"Indemnifying Party" refers to the party responsible for defending the indemnified party against third-party claims, including covering legal fees and related costs.
Definition of "Indemnifying Party" as the holder of liability
This definition links "Indemnifying Party" to assuming liability for specific risks.
"Indemnifying Party" means the party that assumes liability for risks, damages, or losses arising from the circumstances outlined in this agreement.
Definition of "Indemnifying Party" as the guarantor of protection
This definition applies "Indemnifying Party" to the role of guaranteeing protection for the indemnified party.
"Indemnifying Party" refers to the party that guarantees protection and agrees to hold the indemnified party harmless from losses, damages, or expenses as specified herein.
Definition of "Indemnifying Party" as the obligated compensator
This definition ties "Indemnifying Party" to the obligation of covering specified costs or losses.
"Indemnifying Party" means the party obligated to reimburse the indemnified party for costs, expenses, or damages incurred as defined in this agreement.
Definition of "Indemnifying Party" as the risk bearer
This definition connects "Indemnifying Party" to the responsibility of bearing contractual risks.
"Indemnifying Party" refers to the party that accepts responsibility for risks and liabilities specified in this agreement, ensuring the indemnified party is not adversely impacted.
Definition of "Indemnifying Party" as the responsible insurer
This definition links "Indemnifying Party" to providing insurance-like coverage for certain claims.
"Indemnifying Party" means the party that provides indemnification akin to insurance coverage, compensating the indemnified party for damages and defending against claims.
Definition of "Indemnifying Party" as the loss mitigator
This definition applies "Indemnifying Party" to mitigating the financial impact on the indemnified party.
"Indemnifying Party" refers to the party responsible for mitigating financial losses or damages incurred by the indemnified party in connection with claims or disputes.
Definition of "Indemnifying Party" as the contractual safeguard
This definition ties "Indemnifying Party" to the role of safeguarding the indemnified party under contract terms.
"Indemnifying Party" means the party contractually obligated to safeguard the indemnified party from losses or liabilities, including claims brought by third parties.
Definition of "Indemnifying Party" as the liability assumptor
This definition connects "Indemnifying Party" to assuming liability on behalf of the indemnified party.
"Indemnifying Party" refers to the party that assumes liability for the indemnified party, as outlined in the indemnification provisions of this agreement.
Definition of "Indemnifying Party" as the provider of legal defense
This definition links "Indemnifying Party" to the responsibility of covering legal defenses.
"Indemnifying Party" means the party obligated to provide legal defense for the indemnified party in relation to claims covered under this agreement.
Definition of "Indemnifying Party" as the reparations provider
This definition applies "Indemnifying Party" to the duty of providing reparations for damages.
"Indemnifying Party" refers to the party responsible for providing reparations, compensation, or restitution to the indemnified party for losses incurred.
Definition of "Indemnifying Party" as the claims resolver
This definition ties "Indemnifying Party" to resolving and settling claims on behalf of the indemnified party.
"Indemnifying Party" means the party that undertakes the responsibility of resolving or settling claims, including any associated financial liabilities, on behalf of the indemnified party.
Definition of "Indemnifying Party" as the financial indemnifier
This definition connects "Indemnifying Party" to the role of providing financial compensation for agreed-upon risks.
"Indemnifying Party" refers to the party that provides financial indemnification to the indemnified party, ensuring compensation for losses as per the terms of this agreement.
Definition of "Indemnifying Party" as the provider of restitution
This definition ties "Indemnifying Party" to the responsibility of restoring losses or damages.
"Indemnifying Party" means the party responsible for providing restitution to the indemnified party for losses or damages incurred under the circumstances specified in this agreement.
Definition of "Indemnifying Party" as the compensator for third-party claims
This definition connects "Indemnifying Party" to covering damages resulting from third-party claims.
"Indemnifying Party" refers to the party obligated to compensate the indemnified party for liabilities, damages, or losses arising from third-party claims covered by this agreement.
Definition of "Indemnifying Party" as the bearer of specific obligations
This definition links "Indemnifying Party" to obligations outlined in indemnification clauses.
"Indemnifying Party" means the party that bears the specific obligations to indemnify, defend, or hold harmless the indemnified party as stipulated in this agreement.
Definition of "Indemnifying Party" as the allocator of liability
This definition applies "Indemnifying Party" to the allocation of liability for certain risks.
"Indemnifying Party" refers to the party that allocates liability for risks, damages, or expenses to itself under the terms of the indemnification provisions in this agreement.
Definition of "Indemnifying Party" as the party assuming direct responsibility
This definition ties "Indemnifying Party" to assuming direct responsibility for indemnifiable events.
"Indemnifying Party" means the party that directly assumes responsibility for indemnifiable events, including covering losses, damages, and defense costs as described in this agreement.
Definition of "Indemnifying Party" as the compensator for negligence
This definition connects "Indemnifying Party" to covering liabilities arising from its own negligence.
"Indemnifying Party" refers to the party responsible for indemnifying the indemnified party against claims, losses, or damages arising from the indemnifying party’s own negligence or misconduct.
Definition of "Indemnifying Party" as the party with contractual indemnity duties
This definition links "Indemnifying Party" to indemnification duties established by contract.
"Indemnifying Party" means the party contractually bound to fulfill indemnity duties, including payment for damages and legal defense costs, as outlined in this agreement.
Definition of "Indemnifying Party" as the risk allocator in joint ventures
This definition applies "Indemnifying Party" to the allocation of risk in joint venture agreements.
"Indemnifying Party" refers to the party in a joint venture agreement responsible for indemnifying the other parties for risks, claims, or damages as agreed upon.
Definition of "Indemnifying Party" as the party obligated to defend litigation
This definition ties "Indemnifying Party" to providing a legal defense for claims or lawsuits.
"Indemnifying Party" means the party obligated to defend the indemnified party against claims, lawsuits, or legal actions, including covering all associated legal costs.
Definition of "Indemnifying Party" as the responder to contractual breaches
This definition connects "Indemnifying Party" to covering damages caused by its own breaches.
"Indemnifying Party" refers to the party responsible for indemnifying the indemnified party for losses or damages caused by the indemnifying party’s breach of the contract.
Definition of "Indemnifying Party" as the provider of agreed compensation
This definition ties "Indemnifying Party" to compensation for losses explicitly agreed upon in the contract.
"Indemnifying Party" means the party obligated to provide compensation for losses or damages as explicitly outlined and agreed upon in this agreement.
Definition of "Indemnifying Party" as the party assuming indirect liability
This definition connects "Indemnifying Party" to the responsibility for indirect liabilities incurred by the indemnified party.
"Indemnifying Party" refers to the party that assumes responsibility for indirect liabilities, including consequential damages or losses, as defined in the agreement.
Definition of "Indemnifying Party" as the responder to intellectual property claims
This definition links "Indemnifying Party" to indemnifying against claims related to intellectual property infringement.
"Indemnifying Party" means the party that agrees to indemnify the indemnified party against claims, damages, or losses arising from alleged or actual intellectual property infringement.
Definition of "Indemnifying Party" as the mitigator of reputational harm
This definition applies "Indemnifying Party" to addressing reputational harm suffered by the indemnified party.
"Indemnifying Party" refers to the party responsible for compensating the indemnified party for reputational harm caused by events or actions covered under the agreement.
Definition of "Indemnifying Party" as the allocator of environmental liabilities
This definition ties "Indemnifying Party" to responsibilities for environmental claims.
"Indemnifying Party" means the party responsible for indemnifying the indemnified party for liabilities, damages, or claims arising from environmental laws or incidents.
Definition of "Indemnifying Party" as the defender in regulatory actions
This definition connects "Indemnifying Party" to defending against regulatory claims or actions.
"Indemnifying Party" refers to the party obligated to defend and indemnify the indemnified party against regulatory actions, penalties, or fines as described in this agreement.
Definition of "Indemnifying Party" as the supplier of legal reimbursement
This definition links "Indemnifying Party" to reimbursing legal expenses incurred by the indemnified party.
"Indemnifying Party" means the party that agrees to reimburse the indemnified party for legal expenses, including attorney fees, arising from covered claims or disputes.
Definition of "Indemnifying Party" as the party ensuring third-party settlements
This definition applies "Indemnifying Party" to settling claims brought by third parties.
"Indemnifying Party" refers to the party responsible for ensuring the settlement of third-party claims, including payment of damages and associated costs, on behalf of the indemnified party.
Definition of "Indemnifying Party" as the resolver of contract-related disputes
This definition ties "Indemnifying Party" to resolving disputes directly linked to contract execution.
"Indemnifying Party" means the party responsible for resolving disputes arising from the execution of this agreement, indemnifying the indemnified party from associated losses.
Definition of "Indemnifying Party" as the risk manager for product liability
This definition connects "Indemnifying Party" to indemnifying for product liability claims.
"Indemnifying Party" refers to the party that assumes responsibility for indemnifying the indemnified party against claims related to product defects, safety issues, or liabilities.
Definition of "Indemnifying Party" as the payer of damages for breach of warranties
This definition ties "Indemnifying Party" to covering damages caused by breaches of warranties in the agreement.
"Indemnifying Party" means the party obligated to indemnify the indemnified party for losses or damages arising from breaches of warranties provided 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.