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

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Indemnity & indemnification

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