Personal Indemnity Sample Clauses
A Personal Indemnity clause requires an individual to personally guarantee compensation for losses, damages, or liabilities that may arise under a contract. In practice, this means that if the primary party fails to fulfill their obligations or causes harm, the individual providing the indemnity is responsible for covering the resulting costs, regardless of the primary party's ability to pay. This clause is commonly used to provide additional assurance to the other party, ensuring that there is a clear and reliable source of compensation in case of breach or loss.
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Personal Indemnity. The foregoing indemnity is personal to you. You may not assign, transfer or pass through this indemnity to any third party. You will notify all third parties that they must look solely to you for any indemnity for claims of infringement asserted against Software purchased from you.
Personal Indemnity. The foregoing indemnity is personal to you. You may not transfer or to anyone, including your customers.
Personal Indemnity. You shall indemnify the Company on a continuing basis in relation to any income tax and National Insurance contributions (save for employers’ National Insurance contributions), including any related interest, penalties, costs and expenses, which may be incurred by the Company if any exemptions applied under this contract of employment do not apply.
Personal Indemnity. The foregoing indemnity is personal to the Ordering Activity. The Ordering Activity may not transfer or to anyone, including Ordering Activity’s customers.
Personal Indemnity. The foregoing indemnities are personal to the party to whom indemnification is owed under the Agreement (the “Indemnitee”). Unless otherwise provided in this Agreement, the Indemnitee may not assign, transfer, or pass-through this indemnity to its customers, successors, or assigns, whether through contract, arising under operation of law, or under any other theory.
Personal Indemnity. The foregoing indemnity is personal to you. You may not assign, transfer or pass through this indemnity to your customers. You will notify your customers that they must look solely to you for any indemnity for claims of infringement asserted against Products purchased from you.