Indemnity: Difference between revisions

Indemnity (view source)

400 bytes removed , 27 September 2017

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 *[[indemnifying party]]
 *[[indemnified party]]
-===Common Restrictions===
-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]]====