How do I draft an indemnification clause?

How do I draft an indemnification clause?

To draft an indemnification clause, start by clearly defining the parties involved and the scope of indemnity.

What key elements should I include in the clause?

Include definitions, the extent of indemnity, any limitations, and the process for making a claim.

Can you give me an example of an indemnification clause?

Sure! Here's a simple example: 'The Indemnitor shall indemnify and hold harmless the Indemnitee from any claims arising out of...'

Are there any common pitfalls to avoid?

Yes, avoid vague language, ensure mutuality if needed, and be cautious with unlimited indemnity.