When interpreting an indemnity provision, whether in the articles of incorporation, bylaws or a separate agreement, the first question might be what does “indemnity” mean? Etymologically, “indemnity” ...

According to Black's Law Dictionary, indemnity is "a duty to make good any loss, damage, or liability incurred by another." It's possible to limit the scope of that duty during contract negotiations.

This article addresses potential issues and concerns, which may arise between General Contractors (“General”), Subcontractors (the “Sub”) and their insurers when claims by outside parties (also known ...

To paraphrase a valued client, “A contractor without a bond really isn’t a contractor.” Bonds certainly allow for the performance of governmental work and opportunities for private work. A payment ...

If you’ve heard of the term indemnity, you may be wondering, “what is indemnity insurance?” Indemnity is an agreement between two parties in which one party is responsible for compensating another for ...

Indemnity clauses are included in contracts to provide a means by which the contracting parties can shift the responsibility of risk. “Indemnity clauses can expand, limit or even eliminate the ...

As much as this may stretch your imagination, as unlikely a scenario as it may seem, say you mess up. Big time. You left the barn doors of some commercial transaction open and not only are the cows ...

A concrete company rented a pumper and was using it at a jobsite when a construction worker was struck and injured by the pumper’s hose. Claims were filed against both the concrete company and the ...

Many organisations, ranging from police forces to schools and hospitals to retailers require the BBC to enter into written agreements in return for facilitating access to their premises or staff. This ...

Surety bonds are instruments that create a legal obligation for one party to pay another. An indemnity bond is a specific type of surety bond that’s often used in situations where someone is borrowing ...