Outrageously Funny Word Dictionary :: Indemnitee

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What is the definition of indemnitee? 🙋

👉 In contract law, a "definite sum" or "impartial indemnity" is a legal concept that refers to a party's obligation to pay money towards the payment of damages for an error or mistake made by another party. This liability arises when one party has breached their contractual obligations and the other party suffered financial loss due to such breach. The purpose of this indemnity is to ensure that both parties are protected from potential losses, and it can be enforced in court if there is a dispute


indemnitee

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