What are some examples of indemnification clauses?

What are some examples of indemnification clauses?

Indemnification clauses are provisions in contracts that protect one party from losses or damages caused by another party. For example, in a construction contract, a contractor might agree to indemnify the property owner against any claims arising from the contractor's work.

Can you give me another example?

Sure! In a software licensing agreement, the software provider may indemnify the client against any legal claims related to copyright infringement arising from the use of the software.

What should I look for in an indemnification clause?

You should look for the scope of indemnity, the types of claims covered, any limitations on liability, and the process for making a claim.

Are there any risks associated with indemnification clauses?

Yes, one risk is that they can expose you to significant liability if not carefully drafted. It's important to understand the implications before agreeing.