Indemnity clause with defense rights
Quelle: https://www.law.cornell.edu/wex/indemnity
TL;DR
An indemnity clause with defense rights is a contract provision in logistics, supply chain, or transport agreements whereby one party is released from liability (indemnified) and is granted the right to defend itself on behalf of that party against third-party claims. The clause typically covers cost allocation, defense obligations, and may specify defense counsel selection and conditions under which the …
An indemnity clause with defense rights is a contract provision in logistics, supply chain, or transport agreements whereby one party is released from liability (indemnified) and is granted the right to defend itself on behalf of that party against third-party claims. The clause typically covers cost allocation, defense obligations, and may specify defense counsel selection and conditions under which the indemnified party is supported or relieved.
Related Terms
You might also be interested in these terms
⚖️ ICC Incoterms 2020
Incoterms 2020 Simulator: Who bears costs & risk?
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.