Legal Articles

Contractual Indemnification — "Hold Harmless"

Indemnification is the legal term applied where one individual/entity is obligated to provide compensation, loss or reimbursement to another individual/entity. Indemnification is usually created by contract, but can exist at law in some circumstances. Contractual indemnity is the most widespread. Under this situation, two parties make a formal indemnification  agreement. The reason this is so…

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