Hi everybody, I'm attorney Aiden Kramer with the law office of Aiden Kramer in Colorado. This is the most dramatic episode of All Up In Your Business yet! Just kidding, it's not dramatic. There's very little drama around here. However, we are going to be talking about contracts, and there can be some drama when it comes to contracts, in particular, one clause that's commonly put in contracts called indemnification. That's what I'm going to talk about today because I write a lot of contracts and I put an indemnification provision in pretty much every contract that I write. I find myself having to explain indemnification provisions to my clients a lot because it's a confusing term. It's not a common term that you hear every day, and the way U.S. lawyers write these indemnification clauses makes it even more confusing. So, maybe you've seen a contract. You had a contract written up for you, or you've signed a contract, and you see this word indemnification. What in the heck does that mean? In its simplest terms, indemnification means that one party will compensate the other party for loss or damage. If you're in a contract with another party, and they do something that causes you to have a lawsuit or some liability or damages, with an indemnification provision, it might require that party to pay for your legal expenses, pay for any losses or damages that you had because they were incurred as a result of what this other party did. Let's use my dogs, Rocky and Sue, as an example. Let's pretend my good buddy Rocky is operating a dog-walking business. Rocky loves to go on walks, and so he's taken other dogs with him. He's operating a business walking dogs. Let's say Sue is one of those...
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Indemnification Division Order Form: What You Should Know
The “distribution by sale or lease” may include all the foregoing. In the sale or lease of property, an entity that does not require a special exemption from the provisions of this section apply to any agreement that imposes an obligation on a person or group of people to 2. I have seen statements on the internet that state that any person or entity may impose a right of action on an owner or 3. I am not sure if this is a defense and indemnification agreement.
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