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Indemnity - what does in mean is simple terms?

Discussion in 'Legal Issues' started by Brian123, May 29, 2009.

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  1. #1
    When someone mentions that there are indemnity issues, what does this mean in simple terms?
    Thanks
     
    Brian123, May 29, 2009 IP
  2. janecompersnews

    janecompersnews Well-Known Member

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    #2
    'issues' is a very wide term.

    'indemnity' = to cover/promise something or to guarantee or to compensate (depending on how it's used) in the event of something happening.

    Without more information, I suspect that 'indemnity issues' = someone has promised to compensate someone else if something happens, that something has happened and now they are trying to weedle out of it.
     
    janecompersnews, May 29, 2009 IP
  3. methomps

    methomps Peon

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    #3
    Indemnify in the legal sense most commonly refers to one entity promising to pay the legal costs suffered by another party. If you sue a police officer for something he did during the course of his job, the government will usually pay any judgment that you get against him because they indemnify officers for certain acts done while on duty.

    In a lot of contracts you sign, you agree to indemnify the other side for any claims brought against them as a result of the contract.
     
    methomps, May 29, 2009 IP