Indemnity Clause
An indemnity clause is a contractual provision requiring one party to compensate the other for specified losses, damages, or legal costs.
| Indemnity Type | Coverage |
| Third-party claims | Protection from external lawsuits |
| Breach of warranty | Compensation for false representations |
| Title defects | Coverage for ownership issues |
| Environmental liability | Contamination responsibility |
| Scope Limitations | Boundary |
| Capped amount | Maximum liability defined |
| Time limit | Duration of indemnity |
| Exclusions | What is not covered |
| Notice requirement | Must notify for protection |
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