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Under an [[indemnity]] a party agrees reimburse the other party for specified losses the other party incurs in performing the {{contract}}, even though they do not arise from the indemnifying party’s [[breach of contract]]. | Under an [[indemnity]] a party agrees reimburse the other party for specified losses the other party incurs in performing the {{tag|contract}}, even though they do not arise from the indemnifying party’s [[breach of contract]]. |