Indiana Business Law Blog
Indemnification clauses are essential elements of business contracts that allow the parties to allocate responsibility for specific losses or claims. For Indiana businesses, understanding how indemnity works under Indiana law is vital for managing risks and reducing liability exposure.
This article explores key indemnification terms and practical tips for analyzing clauses. By understanding these provisions, business owners can understand their rights, duties, and risks.
Let’s start with some definitions and then examine how the defined terms fit into an example clause.