Indemnify
Term · Law · MLC-T-LAW-002592
To compensate another party for losses or damages incurred, or to protect them from liability for such losses. This often arises from a contractual agreement where one party agrees to hold the other harmless. Indemnification clauses are common in contracts for services, leases, and insurance policies.
| Identifier | MLC-T-LAW-002592 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-002592",
"term": "Indemnify",
"field": "Law",
"definition": "To compensate another party for losses or damages incurred, or to protect them from liability for such losses. This often arises from a contractual agreement where one party agrees to hold the other harmless. Indemnification clauses are common in contracts for services, leases, and insurance policies.",
"url": "https://mlchart.com/terminology/law/indemnify/"
}
Record 2,516 of 5,439 in Law terminology (MLC-0107). Request the full dataset.