Ask a Question

What is an indemnity in a commercial contract?

0 votes
1 view
by
What is an indemnity in a commercial contract?

1 Answer

0 votes
by
Indemnification, also referred to as indemnity, is an undertaking by one party (the indemnifying party) to compensate the other party (the indemnified party) for certain costs and expenses, typically stemming from third-party claims.
Powered by Question2Answer
...