Indemnification Section Clause Samples

The Indemnification Section establishes the obligation of one party to compensate the other for certain losses, damages, or liabilities arising from specified events or actions. Typically, this clause details the circumstances under which indemnification applies, such as breaches of contract, negligence, or third-party claims, and may outline procedures for making indemnity claims and any limitations on liability. Its core practical function is to allocate risk between the parties, ensuring that the party responsible for causing harm bears the financial consequences, thereby protecting the other party from unforeseen costs.