According to Black's Law Dictionary, indemnity is "a duty to make good any loss, damage, or liability incurred by another." It's possible to limit the scope of that duty during contract negotiations.

If you’ve heard of the term indemnity, you may be wondering, “what is indemnity insurance?” Indemnity is an agreement between two parties in which one party is responsible for compensating another for ...

To paraphrase a valued client, “A contractor without a bond really isn’t a contractor.” Bonds certainly allow for the performance of governmental work and opportunities for private work. A payment ...

Many Oklahoma businesses, general contractors, and energy operators were forced to abandon a common protection against liability for injuries sustained by the employees of their subcontractors: the ...

A long line of cases has held that a standard indemnification provision in a bilateral commercial contract will be presumed not to provide for fee-shifting with respect to claims between the ...

An executive's guilty plea in a criminal matter cannot trump an indemnity agreement that granted reimbursement to corporate officers, the Delaware Court of Chancery has ruled. Vice Chancellor Donald F ...

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