Indemnity in United States
Indemnity Definition
That which is given to a person to prevent his suffering damage. 2 McCord (S. C.) 279. Security to save harmless. A contract whereby one party agrees to secure another against an anticipated loss or damage, and the liability under which is coterminous with the liability it is intended to cover. 53 L. J. Q. B. 321; 12 Q. B. D. 152. For distinction between indemnity and guaranty, see Guaranty.
Indemnity in Foreign Legal Encyclopedias
| Link | Description |
|---|---|
| Indemnity | Indemnity in the World Legal Encyclopedia. |
| Indemnity | Indemnity in the European Legal Encyclopedia. |
| Indemnity | Indemnity in the Asian Legal Encyclopedia. |
| Indemnity | Indemnity in the UK Legal Encyclopedia. |
| Indemnity | Indemnity in the Australian Legal Encyclopedia. |
For starting research in the law of a foreign country:
Browse the American Encyclopedia of Law for Indemnity
Scan Indemnity in the appropriate area of law:
| Link | Description |
|---|---|
| Indemnity | Indemnity in the Family Law Portal of the American Encyclopedia of Law. |
| Indemnity | Indemnity in the IP Portal of the American Encyclopedia of Law. |
| Indemnity | Indemnity in the Commercial Law Portal of the American Encyclopedia of Law. |
| Indemnity | Indemnity in the Criminal Law Portal of the American Encyclopedia of Law. |
| Indemnity | Indemnity in the Antritrust Portal of the American Encyclopedia of Law. |
| Indemnity | Indemnity in the Bankruptcy Law Portal of the American Encyclopedia of Law. |
| Indemnity | Indemnity in the Constitutional Law Portal of the American Encyclopedia of Law. |
| Indemnity | Indemnity in the Tax Law Portal of the American Encyclopedia of Law. |
| Indemnity | Indemnity in the and Finance and Banking Portal of the American Encyclopedia of Law. |
| Indemnity | Indemnity in the Employment and Labor Portal of the American Encyclopedia of Law. |
| Indemnity | Indemnity in the Personal Injury and Tort Portal of the American Encyclopedia of Law. |
| Indemnity | Indemnity in the Environmental Law Portal of the American Encyclopedia of Law. |
Explore other Reference Works
| Resource | Description |
|---|---|
| Indemnity in the Dictionaries | Indemnity in our legal dictionaries |
| http://lawi.us/indemnity | The URI of Indemnity (more about URIs) |
| Indemnity related entries | Find related entries of Indemnity |
Legal Issue for Attorneys
That which is given to a person to prevent his suffering damage. 2 McCord (S. C.) 279. Security to save harmless. A contract whereby one party agrees to secure another against an anticipated loss or damage, and the liability under which is coterminous with the liability it is intended to cover. 53 L. J. Q. B. 321; 12 Q. B. D. 152. For distinction between indemnity and guaranty, see Guaranty.
More Resources
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Notice
This definition of Indemnity Is based on the The Cyclopedic Law Dictionary . This definition needs to be proofread..
Practical Information
Note: Some of this information was last updated in 1982
An undertaking, either express or implied, to compensate another for loss or damage, or for expenses or trouble incurred, either in the past or in the future. Under a contract of indemnity, the indemnity is the obligation or duty resting upon a particular person or company to make good any loss or damage another has suffered, or may suffer, upon the happening of a specific event. The person giving the indemnity (agreeing to indemnify) is the indemnitor, corresponding to the insured. The term indemnify also applies to the sum paid as compensation or remuneration in the event of loss or damage to the indemnitee. The indemnity may be payable to the indemnitee or to someone else in behalf of the indemnitee. For example, the payments that are made to an injured workman under workmen’s compensation insurance are indemnities. They are payable to the worker in behalf of his or her employer, who is the indemnitee.
What is Indemnity?
For a meaning of it, read Indemnity in the Legal Dictionary here. Browse and search more U.S. and international free legal definitions and legal terms related to Indemnity.
Meaning of Indemnity
In plain or simple terms, Indemnity means: Liability shifted from one person to another.
Indemnity (Directors, Officers)
This section introduces, discusses and describes the basics of indemnity. Then, cross references and a brief overview about Directors, Officers is provided. Finally, the subject of Banking Law in relation with indemnity is examined. Note that a list of cross references, bibliography and other resources appears at the end of this entry.
Indemnity (Liabilities)
This section introduces, discusses and describes the basics of indemnity. Then, cross references and a brief overview about Liabilities is provided. Finally, the subject of Agency Relationships in relation with indemnity is examined. Note that a list of cross references, bibliography and other resources appears at the end of this entry.
Resources
See Also
Damages.
Further Reading (Articles)
Indemnities For Breach of Contract – Do They Do What You Think They Do?, Mondaq Business Briefing; September 20, 2010
Indemnity Agreements in Offshore Oil and Gas Contracts: Multiple Considerations When Drafting and Reviewing, Alaska Business Monthly; May 1, 2014; Hurst, Isaak
Indemnities, Insurance And Compensation For An Independent Review Committee., Mondaq Business Briefing; July 5, 2006
Contractual Indemnities – Drafting Effective Clauses, Mondaq Business Briefing; June 25, 2013; Gerber, David
Contractual Indemnities – the Downside of Effective Clauses, Mondaq Business Briefing; December 11, 2013; Howie, Adrian
Indemnity Insurance: Down but Not Out, Medical Economics; August 12, 1996; Meyer, Harris
Indemnity clauses and hire agreements – when wide enough is not good enough.(Westina Corporation Pty Ltd)(BGC Contracting), Mondaq Business Briefing; March 9, 2010; Bartlett, Kevin
Indemnity Rights under the False Claims Act: Fact or Illusion, Mondaq Business Briefing; December 20, 2012
Mistaken indemnity., Mondaq Business Briefing; October 24, 2008
Tax indemnity, Jerusalem Post; February 10, 2006; ASHER MEIR
Experts: indemnity plan still has its place.(indemnity insurance products as part of employer health plans), National Underwriter Life & Health-Financial Services Edition; September 22, 1997; Bell, Allison
Company Indemnity Read Strictly In NRMA-Whitlam Case., Mondaq Business Briefing; April 30, 2007
Understanding Contractual Indemnity and Defense Obligations Under California Construction Law., Mondaq Business Briefing; October 25, 2010
Drafting an Effective Lease Indemnity Agreement, Mondaq Business Briefing; May 28, 2013
Risk Allocation Tools: Indemnities, Mondaq Business Briefing; May 9, 2014; Vinning, Brad
Transferring Risk by Contractual Indemnity: A View from Oil and Energy, Defense Counsel Journal; July 1, 1998; Quay, Jeanette H. Luker, Lynn M.
Risk Management: Transferring Risks Through Indemnity And Insurance Clauses., Mondaq Business Briefing; November 20, 2007
Speaking the language of indemnity: the answer to whether an insured is on or off the hook in the event of a claim lies buried within the nuances of the indemnity clause.(SPECIAL REPORT: CLAIMS), Risk & Insurance; April 1, 2011; Suuberg, Margaret
Texas Grain Producer Indemnity Board Indemnity Fund Program FAQ, Southwest Farm Press (Online Exclusive); October 22, 2012
FORM 8-K: ERIE INDEMNITY FILES CURRENT REPORT, US Fed News Service, Including US State News; April 1, 2011
Indemnity in State Statute Topics
Introduction to Indemnity (State statute topic)
The purpose of Indemnity is to provide a broad appreciation of the Indemnity legal topic. Select from the list of U.S. legal topics for information (other than Indemnity).
Meaning of Indemnity
In plain or simple terms, Indemnity means: Liability shifted from one person to another.
Resources
Further Reading
- Information about Indemnity in the Gale Encyclopedia of American Law.
Indemnity meaning
Compensation given (often from an insurance fund) to make whole the injury already sustained. May refer either to compensation via private insurance, social insurance or indemnisation of the victim of a tort by the tortfeasor through whatever resources the tortfeasor has.
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