Indemnification Acknowledgement and Release Clause Samples
The "Indemnification, Acknowledgement, and Release" clause primarily serves to allocate responsibility and risk between the parties by requiring one party to compensate the other for certain losses, confirming mutual understanding of specific facts or risks, and waiving future claims related to those risks. In practice, this clause may obligate a party to reimburse the other for damages or legal costs arising from specified actions, require both parties to acknowledge known risks associated with the agreement, and release each other from liability for those risks. Its core function is to protect parties from unforeseen liabilities, clarify shared understandings, and prevent future disputes over known issues.
Indemnification Acknowledgement and Release. For an up-to-date copy, go to the policies and procedures page on the EGSC website.
Indemnification Acknowledgement and Release. Acknowledgement and Release: Resident acknowledges and agrees that neither Provider/College promises, warrants, or guarantees the safety and security of Resident, Resident’s guest, or Resident’s personal property against the criminal actions of other residents or third parties. Resident acknowledges and agrees that neither Provider/College will be liable for any damage or injury to Resident, Resident’s guests, or Resident’s personal property or to any person entering the room assigned to Resident or the Residence Facility, for injury to person or property arising from theft, vandalism, or casualty occurring in the room assigned to Resident or the Residence Facility. Indemnification and Release: Resident (and Guarantor, if Resident is under age 18) agrees to indemnify and hold harmless Provider, College, and their respective directors, board members, agents, and employees from and against all claims, actions, judgments, damages, liabilities, costs, demands, losses, and expenses (including, without limitation, reasonable attorneys’ fees and disbursements) resulting from or arising out of injury to the person or property of Resident or Resident’s guests while Resident resides in the Residence Facility, regardless of the cause (including, but not limited to, injury resulting from engagement, involvement, participation by Resident or any of Resident’s guests in any event sponsored by College or Provider) unless such injury is caused by the negligence or intentional misconduct of Provider, College, or their respective agents. Resident (and Guarantor, if Resident is under age 18) hereby release and forever discharge harmless Provider, College, and their respective directors, board members, agents, and employees from any and all demands, causes of action and/or judgments of whatsoever nature or character, past or future, known or unknown, whether in contract or tort, whether for personal injuries, property damage, payments, fees, expenses, or any other monies due or to become due, or damages of any kind or nature, and whether arising from common law or statute, arising out of, in any way, this Agreement and the use of Residence Facility. < >: Resident is strongly encouraged to purchase and maintain appropriate renters insurance as well as health and accident insurance and personal liability insurance. Resident acknowledges that Provider/College carry any insurance on Resident’s personal property and are not liable for lost, stolen, or damaged personal property kep...
Indemnification Acknowledgement and Release. A. Acknowledgment and Release. Resident acknowledges and agrees that neither Provider nor University promises, warrants, or guarantees the safety and security of Resident, Resident’s guest, or Resident’s personal property against the criminal actions of other residents or third parties. Resident acknowledges and agrees that neither Provider nor University will be liable for any damage or injury to Resident, Resident’s guests, or Resident’s personal property or to any person entering the room assigned to Resident or the Residence Facility, for injury to person or property arising from theft, vandalism, or casualty occurring in the room assigned to Resident or the Residence Facility.
Indemnification Acknowledgement and Release