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contractlogix.com
Indemnification Agreement's - The How and Why to Create One
Discover why an indemnification agreement can protect your company from liabilities incurred by the other party in a contract.
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May 13, 2019
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Let’s talk about indemnification. In many contracts, there’s a clause that says if something goes wrong, you agree to cover the other party’s losses. That sounds reasonable until you realize it may not be mutual. Contact me for a contract review: admin@teilfirms.com If the clause only protects the other party, you could end up paying for mistakes you didn’t cause. A balanced indemnification clause is mutual — each party is responsible for its own actions or negligence. When reviewing a contract,
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