Results for tag: "Indemnification Provision"

The Indemnification Provision market is a subset of Commercial Law that deals with the legal protection of parties involved in a contract. It is a contractual agreement between two or more parties, where one party agrees to compensate the other for any losses or damages that may arise from a breach of contract. The indemnifying party is usually the one who is responsible for the breach, and the indemnified party is the one who suffers the losses or damages. Indemnification Provisions are commonly used in business contracts, such as employment contracts, leases, and purchase agreements. They are also used in insurance policies, where the insurer agrees to pay for any losses or damages that may arise from a breach of contract. The Indemnification Provision market is highly competitive, with many companies offering indemnification services. Some of the major players in the market include AIG, Allianz, AXA, Chubb, Liberty Mutual, and Zurich. Show Less Read more