Indemnifier: Difference between revisions

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A party to a contract who is providing an [[indemnity]] to an [[indemnified party]].
{{def|/ɪnˈdɛmnɪfʌə/|n|}}
1. Damocles.
2. One who, out of a surfeit of incaution or [[deal fatigue]], has underwritten every minor calamity her counterparty may suffer; every debatable opportunity it may forgo, and every extraordinary expense it may incur, however irrational, in the performance of the contract between them.
3. (''Unusual'') A party to a contract who has agreed, in full knowledge of the facts, to bear responsibility for a well-quantified and clearly-articulated externality that it accepts its counterparty may suffer through no fault of its own, in the course of providing an incontrovertible benefit to the [[indemnifying party]], by means of a [[well-crafted indemnity]]


===See also===
{{sa}}
*[[consequential loss]]
*[[consequential loss]]
*[[indemnity]]
*[[indemnity]]
*[[indemnified party]]
*[[indemnified party]]
{{indemnity description}}
{{c2|Contract|Damages}}
{{c2|Contract|Damages}}

Revision as of 11:47, 8 December 2020

The Jolly Contrarian’s Dictionary
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/ɪnˈdɛmnɪfʌə/ n ('.)
1. Damocles. 2. One who, out of a surfeit of incaution or deal fatigue, has underwritten every minor calamity her counterparty may suffer; every debatable opportunity it may forgo, and every extraordinary expense it may incur, however irrational, in the performance of the contract between them. 3. (Unusual) A party to a contract who has agreed, in full knowledge of the facts, to bear responsibility for a well-quantified and clearly-articulated externality that it accepts its counterparty may suffer through no fault of its own, in the course of providing an incontrovertible benefit to the indemnifying party, by means of a well-crafted indemnity

See also