Common Contracts
1 similar Contract of Indemnity contracts
CONTRACT OF INDEMNITYContract of Indemnity • July 28th, 2020
The term “Indemnity” means to make good the loss or to compensate the party who has suffered some loss. The term “Contract of Indemnity” is defined under Section 124 of the Indian Contract Act, 1872. It is “a contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person.”
