What is Indemnity?

Legal terms tend to be nuanced and because of this, being able to interpret the meaning of something is a great skill to have. This blog will focus on one specific term that tends to be misinterpreted. It is often defined and written in a variety of ways, which can cause confusion. However, once you understand it fully, it is clear what the term’s purpose is and why individuals like to include it in contracts. This term is “indemnity”. Read on to learn about the indemnity clause and what indemnification means!