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Could anyone elaborate on more examples of the indemnification clause in use? The IP example was useful, but I'm still not sure if I understand it generally.
by choxi 10y ago
Could anyone elaborate on more examples of the indemnification clause in use? The IP example was useful, but I'm still not sure if I understand it generally.
- snake_plissken 10y agoSay I rent a crane from you. In the course of renting the crane to put new air conditioning units on the top of my building, there is an accident and the crane causes damage to a nearby building. If the owner of the damaged building sues you, the renter, to recover money to repair the building, the indemnification clause(s) in the crane rental agreement would state something along the lines that I, the renter of the crane, would cover any costs from the lawsuit and "hold you harmless".
- choxi 10y agoThat was helpful, thanks!