| gen. |
indemnification clause (An indemnification clause protects a party to a contract from legal issues related to the vendor performing the contract. A typical clause contains this language: "Vendor agrees to indemnify, defend and hold the customer, its officers, directors, agents, employees and other related parties harmless from and against any and all liabilities, damages, losses, expenses, claims, demands, suits, fines, or judgments that include reasonable attorneys' fees, costs and expenses, incidental thereto, which may be suffered by, accrued against, charges to or recoverable from any customer indemnitee, by reason of any claim arising out of or relating to any act or error or omission, or misconduct of vendor, its officers, directors, agents, employees or subcontractors."  yahoo.com Alexander Demidov) |
