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Template:Indemnity description: Difference between revisions
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, 21 January 2020→The difference between an indemnity and a reimbursement obligation
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===The difference between an [[indemnity]] and a [[reimbursement]] obligation=== | ===The difference between an [[indemnity]] and a [[reimbursement]] obligation=== | ||
You will sometimes see indemnities mentioned in the same breath as obligations to “reimburse” extraordinary costs an agent incurs in carrying out services for its client. You might think, based on the discussion above, that the two ideas bear some similarities — albeit that reimbursement obligations seem benign, and indemnities toxic. You would be right about that. They are ''so'' similar that some commentators, including this one, would call them identical. | You will sometimes see indemnities mentioned in the same breath as obligations to “reimburse” extraordinary costs an agent incurs in carrying out services for its client. You might think, based on the discussion above, that the two ideas bear some similarities — albeit that reimbursement obligations seem benign, and indemnities toxic. You would be right about that. They are ''so'' similar that some commentators, including this one, would call them ''identical''. | ||
Indeed, calling an indemnity a reimbursement obligation points up the difference between a good one and a bad one quite nicely: compare: | Indeed, calling an indemnity a reimbursement obligation points up the difference between a good one and a bad one quite nicely: compare: | ||