Tag: Indemnity Agreement

An indemnity agreement protects one party of a transaction from risks or liabilities that were created by the other party in the transaction. Signing an indemnity agreement helps protect both parties from liabilities caused due to negligence or breach of contract by the opposing party. When a breach of contract happens, there is no guarantee of its intensity and how it may affect the other person. In this situation, it is essential to protect the rights and property of the affected party.