Indemnity clause Term Meaning in Real Estate - Guide

Indemnity clause is that provision in a contract under which one or both parties commit to compensate the other in case of any harm, liability or loss arising out of the contract

Devika Arora

6 years ago

Published Date: Jun 15, 2018

Updated Date: Mar 27, 2024

Indemnity clause is that provision in a contract under which one or both parties commit to compensate the other in case of any harm, liability or loss arising out of the contract. The real significance of the contract lies in the provision of protecting the other party from any lawsuit filed by a third party.

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