Indemnification Cure or Repurchase Clause Samples

The "Indemnification; Cure or Repurchase" clause requires one party to compensate the other for losses or damages resulting from breaches of representations, warranties, or obligations, and provides mechanisms for remedying such breaches. In practice, if a party discovers a defect or non-compliance in a product or service, the responsible party may be required to either fix the issue (cure) or buy back the affected item (repurchase), in addition to covering any resulting losses. This clause primarily functions to allocate risk and ensure that parties have clear remedies and protections in the event of contractual breaches, promoting accountability and financial assurance.