According to Black's Law Dictionary, indemnity is "a duty to make good any loss, damage, or liability incurred by another." It's possible to limit the scope of that duty during contract negotiations.

A concrete company rented a pumper and was using it at a jobsite when a construction worker was struck and injured by the pumper’s hose. Claims were filed against both the concrete company and the ...

This article, written by litigators, is intended to inform drafters of the need for clearly delineated rights to indemnification, on one hand, and fee advancement on the other. It surveys New York's ...

Service as a corporate director or officer entails significant personal risk. If the corporation is involved in any kind of dispute or investigation, its directors and officers (D&O’s) can expect to ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Tax penalty. Appointment of court punishment for non-payment of ...