INDEMNIFICATION AND ADDITIONAL COVENANTS Clause Samples

The "Indemnification and Additional Covenants" clause requires one or both parties to compensate the other for certain losses, damages, or liabilities that may arise in connection with the agreement, and may also impose further obligations or promises beyond the main terms. Typically, this clause outlines specific scenarios where indemnification applies, such as third-party claims or breaches of contract, and may require the indemnifying party to defend against such claims. Its core function is to allocate risk between the parties and provide a mechanism for financial protection against unforeseen events or misconduct.