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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…
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