Hi everybody I'm attorney Aiden Kramer with the law office of Aiden Kramer in Colorado and 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 but we are gonna 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 cuz I write a lot of contracts and I put an indemnification provision in pretty much every contract that I write and 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 US 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 and he's operating a business walking dogs let's say sue is one...
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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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