Log in
Register
Search
Search titles only
By:
Search titles only
By:
Log in
Register
Search
Search titles only
By:
Search titles only
By:
More options
Toggle width
Share this page
Share this page
Share
Facebook
Twitter
Reddit
Pinterest
Tumblr
WhatsApp
Email
Share
Link
Menu
Install the app
Install
Law Firm Directory
Apply to Paul, Weiss
Forums
Law Firm Events
Law Firm Deadlines
TCLA TV
Members
Leaderboards
Premium Database
Premium Chat
Commercial Awareness
Future Trainee Advice
Forums
Aspiring Lawyers - Applications & General Advice
General Discussion
Indemnity paragraph
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Jaysen" data-source="post: 38220" data-attributes="member: 1"><p>I'm not a lawyer so I'm just going to explain how this works in theory. I may also be incorrect here. If this is a big concern, as you said, you'd be far better off contacting a lawyer for advice.</p><p></p><p>To indemnify means you promise to reimburse the other party for costs/losses they suffer from a specific event. In this case, the clause is referring to these costs/losses that arise as a result of your obligation to a third party. I'm not clear on what your obligations are to third parties under the contract.</p><p></p><p>Based on your situation, an example that came to mind could be a situation in which you copied your initial design from a third party. If this was the case, and the third party sued the other party, you may have to indemnify the other party from the costs/losses arising from this. Again, this very much depends on the contract.</p></blockquote><p></p>
[QUOTE="Jaysen, post: 38220, member: 1"] I'm not a lawyer so I'm just going to explain how this works in theory. I may also be incorrect here. If this is a big concern, as you said, you'd be far better off contacting a lawyer for advice. To indemnify means you promise to reimburse the other party for costs/losses they suffer from a specific event. In this case, the clause is referring to these costs/losses that arise as a result of your obligation to a third party. I'm not clear on what your obligations are to third parties under the contract. Based on your situation, an example that came to mind could be a situation in which you copied your initial design from a third party. If this was the case, and the third party sued the other party, you may have to indemnify the other party from the costs/losses arising from this. Again, this very much depends on the contract. [/QUOTE]
Insert quotes…
Verification
Our company is called, "The Corporate ___ Academy". What is the missing word here?
Post reply
Forums
Aspiring Lawyers - Applications & General Advice
General Discussion
Indemnity paragraph
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…