Why Executives Should Negotiate an Indemnity Clause into Employment Agreements

Indemnification is a legal concept included in many contracts whereby one party agrees to compensate and defend the other party for any damage or liability incurred due to certain acts. Indemnity clauses are a way to contractually transfer financial liability. When an indemnity clause is triggered, the party agreeing to indemnify (the indemnitor) pays the costs, expenses, and fees incurred…

Continue Reading
Subscribe to Our Newsletter
close slider
Email