What are some common misunderstandings about indemnification?
An example of an AI chatbot conversation about common misconceptions regarding indemnification.
What are some common misunderstandings about indemnification?
Many people think indemnification means complete protection from all liabilities, but that's not always true.
Can you explain what indemnification actually covers?
Indemnification typically covers losses, damages, or liabilities incurred by one party due to the actions of another.
Are there situations where indemnification might not apply?
Yes, indemnification may not apply in cases of gross negligence or willful misconduct.
How can I ensure I'm properly indemnified in a contract?
It's important to clearly define the scope of indemnification in the contract and consult with a legal expert.
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