Indemnification by FINRA Clause Samples
The "Indemnification by FINRA" clause establishes FINRA's obligation to protect another party from certain losses, damages, or liabilities that may arise in connection with the agreement. Typically, this means that if the other party faces claims, lawsuits, or expenses due to actions taken under the contract, FINRA will cover those costs, provided they fall within the scope defined by the clause. This provision is designed to allocate risk and provide assurance to the other party that they will not bear financial responsibility for specific issues that are the responsibility of FINRA.
Indemnification by FINRA. Subject to Section 17(g), FINRA shall indemnify, defend, and hold Participant harmless from any and all Claims and Losses imposed on, incurred by or asserted against Participant that the Service infringes or misappropriate any third parties’ U.S. registered intellectual property rights, provided that the Service has been used only in accordance with this Agreement, and excluding any infringement or misappropriation relating to or resulting from any modification or alteration to the Service up to and including the amounts specified in Section 17(c).