Indemnis refers to the state of being free from harm or damage. In the past, it was employed to describe objects that were secure and not susceptible to being harmed or destroyed.
Indemnis refers to something that is free from harm or damage, commonly used in historical contexts. For instance, a soldier who returns from war unscathed is considered indemnis. Similarly, a ship that reaches its destination without any damage is also indemnis. In essence, indemnis is used to describe something that remains unharmed or undamaged. The soldier and the ship exemplify indemnis as they both successfully avoid any harm or damage.
– Indemnity is a legal obligation to compensate for any loss or damage incurred by another party.
– Indemnity is often required in contracts to protect one party from potential losses or liabilities that may arise from the actions of the other party.
– Indemnity is a legal obligation to compensate for losses, while insurance is a financial arrangement to provide protection against specified risks.
– Yes, indemnity clauses can be negotiated in a contract to allocate risks and liabilities between the parties involved.
– If a party fails to fulfill their indemnity obligation, they may be held liable for any resulting losses or damages.
– Yes, there may be limitations to indemnity clauses, such as restrictions on the types of losses that can be indemnified or the extent of the indemnification.
– Yes, individuals can be indemnified for losses or damages incurred in certain situations, such as in employment contracts or professional services agreements.
– Indemnity and hold harmless clauses are similar in that they both seek to protect one party from potential losses, but hold harmless clauses typically focus on protecting against legal claims or liabilities.
– Yes, indemnity clauses can be enforced in court if they are found to be valid and legally binding.
– To ensure that an indemnity clause is fair and reasonable, it is important to carefully review and negotiate the terms of the clause with the other party, and seek legal advice if necessary.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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