Special Contracts: Indemnity, Guarantee, Bailment and PledgeIndemnity Agreement • October 20th, 2018
Contract Type FiledOctober 20th, 2018The term Indemnity literally means “Security against loss". In a contract of indemnity one party – i.e. the indemnifier promise to compensate the other party i.e. the indemnified against the loss suffered by the other.