Definition[]
indemnification is a promise by one person or entity to make good certain losses suffered by another person or entity.
Sample indemnification clause[]
| “ | I hereby agree to defend, indemnify and hold harmless the other party to this Agreement, and their respective parent, subsidiary, or affiliated entities, successor or assigns, from and against any claim, loss, penalty, liability, cost and expense, arising or related to ___________________. | ” |