Liability, Costs and Expenses Clause Samples
The 'Liability, Costs and Expenses' clause defines the responsibilities of each party regarding financial obligations and legal liabilities that may arise during the course of the agreement. Typically, this clause outlines who is responsible for covering damages, losses, or legal fees resulting from breaches, negligence, or third-party claims. For example, it may specify that one party must reimburse the other for costs incurred due to their actions or omissions. The core function of this clause is to allocate risk and financial responsibility, ensuring that parties are aware of and agree to their potential liabilities under the contract.
Liability, Costs and Expenses. The Indemnifying Party will be liable for any settlement of any action effected pursuant to and in accordance with this Section 8.8 and for any final judgment (subject to any right of appeal), and the Indemnifying Party agrees to indemnify and hold harmless the indemnified party from and against any damages by reason of such settlement or judgment. Regardless of whether the Indemnifying Party or the indemnified party takes up the defense, the Indemnifying Party will pay the costs and expenses in connection with the defense, compromise or settlement for any Third Party Claim under this Section 8.8.
Liability, Costs and Expenses. If we agree in writing first, we may indemnify you for the following legal fees, if they arise from a claim caused by an accident that is covered under this Contract of Insurance:
1.2.1 Fatal enquiry expenses solicitors’ reasonable fees for representing anyone we insure at a court of summary jurisdiction, fatal accident enquiry or coroner’s inquest;
1.2.2 Manslaughter defence expenses reasonable legal expenses in respect of any proceedings taken against a person insured under this insurance for manslaughter or causing death by dangerous driving. We may, at any time, stop paying the legal costs under 1.2.1 or 1.2.2 above;