INDEMNITY CLAUSE

By SovConn | June 23, 2013

indemnity clause.A contractual provision in which one party agrees to answer for any specified or unspecified liability or harm that the other party might incur. — Also termed hold-harmless clause; save-harmless clause. Cf. EXEMPTION CLAUSE. [Cases: Indemnity 25, 31(4).]

[Blacks Law 8th]

Posted in Law Dictionary Definitions