The practice exam 1 defines: Indemnity clauses that are non-specific, poorly written, or not understood can lead to enormous amounts of unintended legal exposure. In this case, I understand indemnity as a vague clause on responsibilities or resolutions if something goes wrong; an unclear system th…

Hi Oana- I just did a quick search and found this detailed explanation that explains indemnity how I understand it: https://www.investopedia.com/terms/i/indemnity.asp I hope this helps! Marc

Indemnity & indemnification

Practice Management

7861raad June 1, 2020, 11:14am 3

very helpful link that explains indemnity. thanks

Topic		Replies	Views
Indemnification vs lacking privity Practice Management	0	400	June 25, 2023
Indemnification vs. subrogation Practice Management	0	472	February 6, 2023
Virtual Workshop Risk Management, Legal Structures and Contracts June 29, 2025 Practice Management	5	90	July 15, 2025
Professional liability coverage - practice exam 2 uncategorized	4	377	January 2, 2020
Insurance - independent contractors Practice Management	0	452	July 17, 2023

Indemnity & indemnification

Related topics