Indemnified Party definition: Copy, customize, and use instantly
Introduction
The term "Indemnified Party" refers to an individual or entity that is entitled to protection under an indemnification clause, typically against specific losses, damages, or liabilities.
Below are examples of how "Indemnified Party" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Indemnified Party" as a contractual beneficiary
This definition ties "Indemnified Party" to contract terms, where an individual or entity is specifically designated for protection under an agreement.
"Indemnified Party" means any person or entity explicitly identified in an agreement to receive protection from losses, damages, or liabilities arising from specified risks.
Definition of "Indemnified Party" as a third-party beneficiary
This definition applies "Indemnified Party" to external stakeholders, such as third parties who are indirectly affected by the contract but still entitled to protection.
"Indemnified Party" refers to an individual or organization not directly party to the contract but entitled to indemnification as stated within the agreement.
Definition of "Indemnified Party" as an employee
This definition connects "Indemnified Party" to workplace liabilities, where an employee is shielded from certain risks during the course of employment.
"Indemnified Party" means an employee protected under company policies or contracts from liabilities arising during the course of their employment.
Definition of "Indemnified Party" as a director or officer
This definition ties "Indemnified Party" to corporate roles, specifically for directors or officers who may incur liabilities while performing their official duties.
"Indemnified Party" refers to a director or officer of a company who is entitled to indemnification for liabilities incurred while performing their official duties.
Definition of "Indemnified Party" as a service provider
This definition applies "Indemnified Party" to professional relationships, where a service provider is entitled to protection under the terms of a contract.
"Indemnified Party" means a contractor or service provider protected from losses or claims arising from their performance of services under a contract.
Definition of "Indemnified Party" as a licensee
This definition ties "Indemnified Party" to intellectual property agreements, where a licensee is protected from certain legal risks.
"Indemnified Party" refers to a licensee shielded from claims of infringement or misuse under the terms of a licensing agreement.
Definition of "Indemnified Party" as an insured individual
This definition connects "Indemnified Party" to insurance coverage, where an individual or entity is covered against certain risks.
"Indemnified Party" means an individual or entity covered by an insurance policy against specified risks or damages.
Definition of "Indemnified Party" as a lender
This definition applies "Indemnified Party" to financial agreements, where a lender is entitled to protection against certain defaults or losses.
"Indemnified Party" refers to a lender entitled to indemnification for losses arising from a borrower’s default or other specified circumstances.
Definition of "Indemnified Party" as a shareholder
This definition ties "Indemnified Party" to investment protections, where a shareholder is protected from specific liabilities associated with their investments.
"Indemnified Party" means a shareholder protected from liabilities associated with their investments as specified in the company’s governing documents.
Definition of "Indemnified Party" as a partner
This definition connects "Indemnified Party" to partnership agreements, where partners are entitled to indemnification for liabilities incurred in the partnership's operations.
"Indemnified Party" refers to a partner entitled to protection against liabilities incurred through the partnership’s operations.
Definition of "Indemnified Party" as a franchisor
This definition ties "Indemnified Party" to franchise agreements, where a franchisor is shielded from liabilities related to franchisee activities.
"Indemnified Party" means a franchisor protected from liabilities arising from the actions or operations of a franchisee as outlined in the franchise agreement.
Definition of "Indemnified Party" as a supplier
This definition applies "Indemnified Party" to supply chain agreements, where a supplier is protected against certain claims from the buyer.
"Indemnified Party" refers to a supplier entitled to indemnification for claims or losses arising from the buyer’s use or distribution of supplied goods.
Definition of "Indemnified Party" as a governmental entity
This definition connects "Indemnified Party" to public agreements, where government agencies are protected from specific legal claims.
"Indemnified Party" means a government agency or entity protected from liabilities or claims under specific contractual provisions.
Definition of "Indemnified Party" as a lessee
This definition ties "Indemnified Party" to lease agreements, where a lessee is protected against claims or damages due to lessor negligence.
"Indemnified Party" refers to a lessee protected from claims or damages resulting from the lessor’s failure to meet contractual obligations.
Definition of "Indemnified Party" as a joint venture participant
This definition applies "Indemnified Party" to joint ventures, where participants are entitled to indemnification for venture-related risks.
"Indemnified Party" means a participant in a joint venture entitled to protection against liabilities arising from the venture’s activities or operations.
Definition of "Indemnified Party" as a subcontractor
This definition connects "Indemnified Party" to subcontracting relationships, where a subcontractor is protected from claims related to contractor negligence.
"Indemnified Party" refers to a subcontractor protected from claims or losses arising from the actions or negligence of the contractor or client.
Definition of "Indemnified Party" as a buyer
This definition ties "Indemnified Party" to sales agreements, where a buyer is entitled to protection against defects or damages related to purchased goods.
"Indemnified Party" means a buyer entitled to protection against claims, defects, or damages associated with purchased goods or services.
Definition of "Indemnified Party" as a real estate broker
This definition applies "Indemnified Party" to real estate transactions, where a broker is shielded from claims related to their clients' actions.
"Indemnified Party" refers to a real estate broker protected from liabilities or claims arising from the actions or omissions of clients during property transactions.
Definition of "Indemnified Party" as a guarantor
This definition ties "Indemnified Party" to financial guarantees, where a guarantor is protected for fulfilling obligations on behalf of another.
"Indemnified Party" means a guarantor entitled to indemnification for fulfilling obligations on behalf of another party.
Definition of "Indemnified Party" as a project manager
This definition connects "Indemnified Party" to management roles, where a project manager is protected from claims related to their decisions.
"Indemnified Party" refers to a project manager protected from claims or liabilities arising from decisions or actions taken within the scope of their role.
Definition of "Indemnified Party" as an investor
This definition applies "Indemnified Party" to investment agreements, where an investor is protected from certain losses or liabilities.
"Indemnified Party" means an investor entitled to indemnification for losses or liabilities arising from misrepresentations or breaches of the investment agreement.
Definition of "Indemnified Party" as a consultant
This definition ties "Indemnified Party" to advisory roles, where a consultant is shielded from liabilities related to their services.
"Indemnified Party" refers to a consultant entitled to protection from liabilities arising from their recommendations or advisory services.
Definition of "Indemnified Party" as an event organizer
This definition connects "Indemnified Party" to event management, where an event organizer is protected from claims or damages during an event.
"Indemnified Party" means an event organizer protected from claims or damages arising from attendee actions or unforeseen circumstances.
Definition of "Indemnified Party" as an employer
This definition ties "Indemnified Party" to employment agreements, where an employer is protected from claims resulting from employee actions.
"Indemnified Party" means an employer protected from claims or liabilities resulting from employee actions under certain contractual provisions.
Definition of "Indemnified Party" as an academic institution
This definition applies "Indemnified Party" to educational settings, where an institution is protected from claims arising from student activities.
"Indemnified Party" refers to an academic institution shielded from liabilities arising from student activities or external partnerships.
Definition of "Indemnified Party" as a charity
This definition connects "Indemnified Party" to non-profit organizations, where a charity is protected from liabilities incurred through their activities.
"Indemnified Party" means a charitable organization entitled to protection against liabilities incurred through fundraising, donations, or volunteer activities.
Definition of "Indemnified Party" as a contractor
This definition ties "Indemnified Party" to construction agreements, where a contractor is protected from claims during the execution of the project.
"Indemnified Party" refers to a contractor protected from claims arising from project execution, including subcontractor errors or unforeseen site conditions.
Definition of "Indemnified Party" as a transportation provider
This definition connects "Indemnified Party" to logistics and transport, where a transportation provider is shielded from liabilities arising during service delivery.
"Indemnified Party" refers to a transportation provider protected from liabilities arising from delays, damages, or third-party claims during service delivery.
Definition of "Indemnified Party" as a product manufacturer
This definition ties "Indemnified Party" to manufacturing, where a manufacturer is protected from claims related to product misuse or defects.
"Indemnified Party" means a product manufacturer entitled to indemnification for claims related to misuse or misrepresentation of their products.
Definition of "Indemnified Party" as a technology vendor
This definition applies "Indemnified Party" to technology agreements, where a technology vendor is protected from claims such as software misuse or data breaches.
"Indemnified Party" refers to a technology vendor protected from liabilities arising from software misuse, data breaches, or client actions.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.