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Indemnity: Difference between revisions
→Common Restrictions
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Generally indemnities are limited to things that are actually in control of the [[indemnifying party]] (and things it is obliged to do under the contract). In the agency context it is reasonable for a principal to indemnify an agent for losses it suffers as a result of non-negligently performing its obligations under the contract upon the instructions of the principal. | Generally indemnities are limited to things that are actually in control of the [[indemnifying party]] (and things it is obliged to do under the contract). In the agency context it is reasonable for a principal to indemnify an agent for losses it suffers as a result of non-negligently performing its obligations under the contract upon the instructions of the principal. | ||
====[[Negligence, fraud or wilful default]]==== | |||
{{liability carveouts for indemnities}} | |||
{{anatomybar}} | {{anatomybar}} | ||
{{c2|Damages|Contract}} | {{c2|Damages|Contract}} | ||