👉 In legal terms, "pre-indemnifying" refers to a party who seeks to avoid or mitigate liability for an earlier damage caused by another party. This involves proving that the earlier damage was not due to the fault of the current party and instead occurred as a result of factors beyond their control, such as negligence or unforeseen circumstances.
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What is the definition of Preindemnify? 🙋
👉 Preindemnify is a legal concept in contract law that refers to the act of agreeing to pay money or other property as an indemnity for breach of contract. It is similar to indemnification, but it does not involve a promise by one party to pay another party's costs or damages. In the context of preindemnify, the parties involved are generally in a contractual relationship, and they have agreed on the terms of the contract. If either party breaches the contract, the
