Business Law - Beware Of Indemnity Clauses

An indemnity clause is a promise to make right the loss that was experienced by a person, as a result of an act or omission of another person. It is a expressly written promise to compensate a person for specific loss or damages that is stated in a contract to enable a party to have a remedy to correct any defects that could arise in goods or services that were delivered under the contract that was entered into. If an indemnity clause is not included in a contract, a person will be only have

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