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What is the definition of Indemnifications? 🙋

👉 Indemnifications, in legal terms, refers to the obligation of a party to pay compensation or damages for any loss or damage suffered by another party as a result of their own actions, omissions, or negligence. For example, if a person is injured while riding a bicycle and the other party is not liable due to their own fault, the injured party may seek indemnification from the other party. This type of insurance coverage helps cover the financial losses incurred by the injured party. Ind


indemnifications

https://goldloadingpage.com/word-dictionary/indemnifications

What is the definition of Indemnification? 🙋

👉 Indemnification is a legal concept that refers to a party's responsibility or obligation to pay compensation for an injury or loss caused by their actions, omissions, negligence, or misconduct. It involves a person who has been injured or lost property as a result of another person's actions, and the other person must compensate them for any damages they may have suffered. In simpler terms, indemnification is like insurance for your health care provider or lawyer. If you get hurt while using their services,


indemnification

https://goldloadingpage.com/word-dictionary/indemnification


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