Advisor Indemnification Clause Samples
The Advisor Indemnification clause requires one party, typically the company, to protect and compensate the advisor against certain losses, damages, or legal claims arising from their role as an advisor. In practice, this means if the advisor is sued or incurs costs due to actions taken in good faith while performing their advisory duties, the company will cover those expenses, except in cases of gross negligence or willful misconduct. This clause serves to reassure advisors that they will not bear personal financial risk for their professional advice, thereby encouraging candid and effective guidance.
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Advisor Indemnification. The Advisor shall indemnify and hold harmless the Subadvisor, the Fund/Trust, their respective Directors/Trustees, officers and shareholders from any and all claims, losses, expenses, obligation and liabilities (including reasonable attorneys’ fees) arising or resulting from the Advisor’s fraud, willful misfeasance, bad faith, gross negligence, violation of law or reckless disregard of its duties hereunder or under its Investment Advisory Agreement with the Fund/Trust.
Advisor Indemnification. In addition to its indemnification obligations under the Master Partner