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Template:Indemnitycapsule: Difference between revisions
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An {{t|indemnity}} thus creates a payment obligation under the {{t|contract}} where one would not otherwise exist. If the indemnified event occurs and the indemnifi''er'' doesn’t pay, the indemnifi''ee'' has an action in [[breach of contract]]. It can sue. | An {{t|indemnity}} thus creates a payment obligation under the {{t|contract}} where one would not otherwise exist. If the indemnified event occurs and the indemnifi''er'' doesn’t pay, the indemnifi''ee'' has an action in [[breach of contract]]. It can sue. | ||
And that’s about it. | And that’s about it. An {{t|indemnity}} gives you a right to sue where, without it, you would not have one. | ||
In any case, '''[[indemnities]] should not, ''ever'', cover losses arising from [[breach of contract]]'''. Like, ''ever''. Anyone who tells you anything different — and in this old salt’s long and grim experience, many people who should know far better will — is, [[for the time being]], [[without limitation]] and [[notwithstanding anything to the contrary in the foregoing]] contained, a ''moron''. | In any case, '''[[indemnities]] should not, ''ever'', cover losses arising from [[breach of contract]]'''. Like, ''ever''. Anyone who tells you anything different — and in this old salt’s long and grim experience, many people who should know far better will — is, [[for the time being]], [[without limitation]] and [[notwithstanding anything to the contrary in the foregoing]] contained, a ''moron''. | ||