Template:Indemnity description: Difference between revisions

Template:Indemnity description (view source)

46 bytes removed , 19 March 2017

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 =====It is not (necessarily) of indeterminate scope=====
-Nor is a (well-crafted) {{tag|indemnity}} broader or of less determinate scope than any other contractual claim. It might be to reimburse taxes incurred in performing the contract, or a similar unavoidable expense that would not arise but for the contract. It should have a predictable financial consequence: an indemnity is a precision tool for a narrow risk, not a weapon of mass destruction. The sky should not fall in under the weight of a well-proportioned {{tag|indemnity}}.
+Nor is a (well-crafted) {{tag|indemnity}} broader or of less determinate scope than any other contractual claim. A good one should have a predictable and reasonable financial consequence: It might be to reimburse taxes or similar unavoidable expenses a merchant incurs in performing the contract, that it would not, but for that contract.
-{{box|An indemnity is a precision tool for a narrow risk, not a weapon of mass destruction.}}
+The sky should not fall in under the weight of a well-proportioned {{tag|indemnity}}. It is a precision tool to allocate responsibility for a narrow risk, not a weapon of mass destruction.
 ====Many indemnities aren’t very well-crafted at all====