INDEMINITY CLAUSE Clause Samples
An indemnity clause is a contractual provision that requires one party to compensate the other for certain losses or damages arising from specified events or actions. Typically, this clause outlines the circumstances under which indemnification applies, such as third-party claims, breaches of contract, or negligence, and may detail the process for making a claim and any limitations on liability. Its core practical function is to allocate risk between the parties, ensuring that the party best able to control or insure against certain risks bears the financial responsibility if those risks materialize.
INDEMINITY CLAUSE. IIT T will not be responsible for any possible damages to the user of this technology/products. Any such claims by the user should be directly dealt with the manufacturer of the products. The manufacturer will indemnify IIT T against all actions, suits, claims, losses of whatever nature as a result of any such claims by the user.