Indemnification Acknowledgment and Release Sample Clauses
The Indemnification, Acknowledgment, and Release clause serves to allocate responsibility and limit liability between the parties in a contract. It typically requires one party to compensate the other for certain losses or damages, acknowledges specific risks or facts, and releases one or both parties from future claims related to the agreement. For example, a service provider may agree to indemnify a client against third-party claims arising from the provider's actions, while the client acknowledges the inherent risks of the service and releases the provider from liability for those risks. This clause's core function is to manage and clarify the parties' obligations regarding potential legal claims, thereby reducing uncertainty and protecting against unforeseen liabilities.
Indemnification Acknowledgment and Release. A. Student agrees that ▇▇▇▇▇▇▇▇ does not promise, warrant, or guarantee the safety and security of Student, Student’s guests, or Student’s personal property against the criminal actions of other residents or third parties. Furthermore, Landlord shall not be liable for any damage or injury to Student, Student’s guests, or Student’s personal property or to any person entering the room, apartment, or house assigned to Student or the Housing Facility in which Student resides, for injury to person or property arising from theft, vandalism, or casualty occurring in the room, apartment, or house assigned to Student or the Housing Facility in which Student resides.
B. Student (and the undersigned Parent or Guardian, in the case of a minor) agrees to indemnify and hold harmless Landlord, the University, and their respective directors, trustees, agents and employees from and against all claims, actions, judgments, damages, liabilities, costs, demands, losses and expenses (including, without limitation, reasonable attorneys’ fees and disbursements) resulting from or arising out of injury to the person or property of Student or any of Student’s guests while Student resides in the Housing Facility, regardless of the cause (including, but not limited to, injury resulting from engagement, involvement, or participation by Student or any of Student’s guests in any event sponsored by the Housing Facility in which the Student resides), unless such injury is caused by the negligence or intentional conduct of Landlord, the University, or their agents. Student (and the undersigned Parent or Guardian, in the case of a minor) hereby release and forever discharge harmless Landlord, the University, and their respective directors, trustees, agents, and employees from any and all demands, causes of action and/or judgments of whatsoever nature of character, past or future, known or unknown, whether in contract or in tort, whether for personal injuries, property damage, payments, fees, expenses, or any other monies due or to become due, or damages of any kind or nature, and whether arising from common law or statute, arising out of, in any way, this Contract and the use of University Housing. This release will be binding upon the undersigned and the Student.
Indemnification Acknowledgment and Release