What is Indemnification and How Can You Protect Yourself?

Indemnification According to Wikipedia, Indemnity is a contractual obligation of one party to compensate for the loss incurred to the other party due to the acts of the Indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual obligation to “hold harmless” or “save harmless.” And defined…

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