Indemnity
id:
indemnity-230-1629496
title:
Indemnity
text:
In contract law, an indemnity is a contractual obligation of one party to compensate the loss incurred by another party due to the relevant acts of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless". In contrast, a "guarantee" is an obligation of one party to another party to perform the promise of a relevant other party if that other party defaults. Indemnities form the basis of many in
brand slug:
wiki
category slug:
encyclopedia
description:
Contractual obligation to compensate for losses incurred by the other party
original url:
https://en.wikipedia.org/wiki/Indemnity
date created:
2002-02-25T15:43:11Z
date modified:
2024-09-15T16:41:08Z
main entity:
{"identifier":"Q708399","url":"https://www.wikidata.org/entity/Q708399"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/5/5e/Contract_Flat_Icon.svg","width":512,"height":512}
fields total:
13
integrity:
16