How To Use Indemnity Agreement

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ALIGNED recommends carefully checking the indemnification agreement before entering into the contract with a qualified attorney to determine the extent of your company`s liability. Once the scope is understood, you might want to negotiate the terms to limit your commitment. However, the application and enforcement of a compensation agreement depends on the legal and customary law of the jurisdiction in which enforcement is sought. This is an exemption obligation that does not result from a written agreement, but rather from the circumstances or conduct of the parties. A practical example is an agent-principal business relationship. If the sponsor was the acceptance of the one delivered by the agent, the agent may sell them to others; However, if the agent suffers a loss during the sale, the client is obliged to pay for it. .