WebFeb 29, 2016 · Section 1(1) of the Act provides “any person liable in respect of any damage suffered by another person may recover contribution from any other person liable in respect of the same damage”. It is key to note that the person from whom a liable party is seeking an indemnity/contribution must be liable for the same damage suffered by the claimant. WebAs discussed below, “indemnity” is commonly thought of in general terms as the indemnitor’s duty to save the indemnitee in all respects; the duty to indemnify does not arise unless there is an adverse claim against the indemnitee, or in practical terms a …

Indemnity and Contribution Sample Clauses - Law Insider

WebNotice of Indemnity definition Open Split View Cite Notice of Indemnity means a notice that has been provided by the Indemnitee to the Indemnifier describing an amount owing under this Agreement by the Indemnifier to the Indemnitee. Sample 1 Sample 2 Sample 3 Based on 12 documents Notice of Indemnity has the meaning expressed in article Error! WebAn indemnification clause may allow: The indemnified party to recover certain types of losses, such as attorney's fees, which are not typically recoverable under a common law … iowa application for replacement title

NOTICE OF FUNDING OPPORTUNITY - AWE - U.S. Embassy to …

WebThe obligation to defend arises before any duty to indemnify and requires an indemnifying party to: Reimburse for covered paid costs and expenses (losses) comprised of defense costs and expenses. Advance payment for covered unpaid costs and expenses (like liabilities) comprised of defense costs and expenses. WebHow is the indemnification clause invoked? Indemnification clauses typically require the party potentially entitled to indemnification to give prompt notice of both third-party claims and any other losses, and such notice requirements are often strictly enforced by the courts. onyx excavating grand blanc mi