👉 Proindemnity is a concept in contract law that refers to an agreement between two or more parties where one party promises to pay another party a certain amount of money if the other party breaches a specified condition. This promise is typically made by one party as collateral for the payment of the other party's debt. In essence, proindemnity provides protection against potential losses that could occur due to breach of contract. It serves as an alternative to traditional indemnities and can be used in
