Common use of Rights of Indemnified Party Clause in Contracts

Rights of Indemnified Party. To be indemnified, the party seeking indemnification must promptly notify the other party in writing of the claim (unless the other party already has notice of the claim); give the indemnifying party full and complete authority, information and assistance for the claim’s defense and settlement; and not, by any act, admission, or acknowledgement, materially prejudice the indemnifying party’s ability to satisfactorily defend or settle the claim. The indemnifying party will retain the right, at its option, to settle or defend the claim, at its own expense and with its own counsel. The indemnified party will have the right, at its option, to participate in the settlement or defense of the claim, with its own counsel and at its own expense, but the indemnifying party will retain sole control of the claim’s settlement or defense.

Rights of Indemnified Party. To be indemnified, the party seeking indemnification must promptly notify (i) give the other party in writing timely written notice of the claim (unless the other party already has notice of the claim); , (ii) give the indemnifying party full and complete authority, information and assistance for the claim’s defense and settlement; , and (iii) not, by any act, admission, admission or acknowledgement, materially prejudice the indemnifying party’s ability to satisfactorily defend or settle the claim. The indemnifying party will retain the right, at its option, to settle or defend the claim, at its own expense and with its own counsel. The indemnified party will have the right, at its option, to participate in the settlement or defense of the claim, with its own counsel and at its own expense, but the indemnifying party will retain sole control of the claim’s settlement or defense.

Rights of Indemnified Party. To be indemnified, the party seeking indemnification must promptly notify (i) give the other party in writing timely written notice of the claim (unless the other party already has notice of the claim); , (ii) give the indemnifying party full and complete authority, information and assistance for the claim’s defense and settlement; , and (iii) not, by any act, admission, admission or acknowledgementacknowledgment, materially prejudice the indemnifying party’s ability to satisfactorily defend or settle the claim. The indemnifying party will retain the right, at its option, to settle or defend the claim, at its own expense and with its own counsel. The indemnified party will have the right, at its option, to participate in the settlement or defense of the claim, with its own counsel and at its own expense, but the indemnifying party will retain sole control of the claim’s settlement or defense.