Indemnified Person definition: Copy, customize, and use instantly
Introduction
The term "Indemnified Person" refers to an individual or entity entitled to protection from financial loss or liability under the terms of a contract. This protection typically arises from indemnity provisions, where another party agrees to compensate the indemnified person for specified claims, damages, or losses. In legal and contractual contexts, the scope and limitations of indemnification are clearly defined.
Below are various examples of how "Indemnified Person" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Indemnified Person" in corporate bylaws
This definition ties "Indemnified Person" to director and officer protections.
"Indemnified Person" means any current or former director, officer, employee, or agent of the corporation who is entitled to indemnification for expenses, damages, or liabilities incurred in the course of their duties, as provided under the corporation’s bylaws.
Definition of "Indemnified Person" in loan agreements
This definition connects "Indemnified Person" to lender protections.
"Indemnified Person" refers to any lender, agent, or affiliate who is entitled to indemnification for claims, losses, or liabilities arising from the performance of their obligations under this agreement.
Definition of "Indemnified Person" in service agreements
This definition links "Indemnified Person" to client or contractor protections.
"Indemnified Person" includes any party to this agreement who is entitled to be indemnified for claims, damages, or losses arising from the other party’s negligence, breach, or misconduct.
Definition of "Indemnified Person" in shareholder agreements
This definition applies "Indemnified Person" to shareholder protections.
"Indemnified Person" means any shareholder entitled to indemnification for liabilities, losses, or damages arising out of their involvement with the company, as outlined in this agreement.
Definition of "Indemnified Person" in employment agreements
This definition ties "Indemnified Person" to employee protections.
"Indemnified Person" refers to any employee entitled to indemnification for claims, liabilities, or damages arising out of their actions performed within the scope of their employment.
Definition of "Indemnified Person" in partnership agreements
This definition connects "Indemnified Person" to partner protections.
"Indemnified Person" means any partner who is entitled to indemnification for liabilities, losses, or damages incurred in connection with the performance of their duties as a partner under this agreement.
Definition of "Indemnified Person" in consulting agreements
This definition links "Indemnified Person" to consultant protections.
"Indemnified Person" includes any consultant entitled to be indemnified for claims, damages, or liabilities arising out of the services provided under this agreement, excluding those resulting from their own negligence or misconduct.
Definition of "Indemnified Person" in real estate agreements
This definition ties "Indemnified Person" to property transaction protections.
"Indemnified Person" refers to any buyer, seller, or broker entitled to indemnification for claims or losses arising out of property transactions under this agreement.
Definition of "Indemnified Person" in M&A agreements
This definition connects "Indemnified Person" to transaction parties.
"Indemnified Person" means any party to the merger or acquisition transaction, including their affiliates, who are entitled to indemnification for claims or liabilities related to the transaction.
Definition of "Indemnified Person" in lease agreements
This definition links "Indemnified Person" to tenant and landlord protections.
"Indemnified Person" refers to the landlord or tenant entitled to indemnification for claims or damages arising from the other party’s breach or negligence under this lease agreement.
Definition of "Indemnified Person" in franchise agreements
This definition ties "Indemnified Person" to franchisor and franchisee protections.
"Indemnified Person" includes any franchisor or franchisee entitled to indemnification for claims, damages, or liabilities arising out of their respective roles under this franchise agreement.
Definition of "Indemnified Person" in financial services agreements
This definition connects "Indemnified Person" to service providers.
"Indemnified Person" refers to any financial institution, advisor, or service provider entitled to indemnification for claims, damages, or liabilities arising from the provision of services under this agreement.
Definition of "Indemnified Person" in intellectual property agreements
This definition links "Indemnified Person" to IP owners.
"Indemnified Person" means any party to this agreement who is entitled to indemnification for claims or damages arising from intellectual property disputes or infringement claims.
Definition of "Indemnified Person" in insurance policies
This definition ties "Indemnified Person" to insured parties.
"Indemnified Person" refers to any policyholder or beneficiary entitled to indemnification for losses or liabilities covered under the terms of the insurance policy.
Definition of "Indemnified Person" in joint venture agreements
This definition connects "Indemnified Person" to co-venturers.
"Indemnified Person" includes any joint venture partner entitled to indemnification for claims, damages, or liabilities incurred in connection with the activities of the joint venture.
Definition of "Indemnified Person" in technology service agreements
This definition links "Indemnified Person" to service recipients.
"Indemnified Person" refers to any party entitled to indemnification for losses or damages resulting from a breach, error, or negligence in the provision of technology services.
Definition of "Indemnified Person" in construction agreements
This definition ties "Indemnified Person" to contractors and project owners.
"Indemnified Person" means any contractor, subcontractor, or project owner entitled to indemnification for claims or damages arising out of the construction activities covered under this agreement.
Definition of "Indemnified Person" in loan agreements
This definition connects "Indemnified Person" to lender protections.
"Indemnified Person" includes any lender, agent, or their affiliates entitled to indemnification for claims or liabilities arising from the borrower’s breach or default under the loan agreement.
Definition of "Indemnified Person" in supply agreements
This definition links "Indemnified Person" to supplier and buyer protections.
"Indemnified Person" refers to any supplier or buyer entitled to indemnification for claims, damages, or liabilities resulting from the other party’s breach or negligence in fulfilling the supply agreement.
Definition of "Indemnified Person" in litigation funding agreements
This definition ties "Indemnified Person" to funders.
"Indemnified Person" means any litigation funder entitled to indemnification for losses, damages, or liabilities incurred in connection with providing funding for legal proceedings.
Definition of "Indemnified Person" in employment discrimination policies
This definition connects "Indemnified Person" to HR representatives.
"Indemnified Person" includes any HR professional or representative entitled to indemnification for liabilities or damages arising from actions taken in enforcing workplace policies or addressing complaints.
Definition of "Indemnified Person" in renewable energy agreements
This definition links "Indemnified Person" to project stakeholders.
"Indemnified Person" refers to any party involved in renewable energy projects entitled to indemnification for claims, damages, or liabilities arising from project activities.
Definition of "Indemnified Person" in shareholder agreements
This definition ties "Indemnified Person" to investor protections.
"Indemnified Person" includes any shareholder entitled to indemnification for liabilities, damages, or claims arising from their role as an investor under the agreement.
Definition of "Indemnified Person" in anti-corruption compliance agreements
This definition connects "Indemnified Person" to compliance officers.
"Indemnified Person" refers to any compliance officer or employee entitled to indemnification for liabilities or damages incurred in enforcing anti-corruption policies.
Definition of "Indemnified Person" in regulatory compliance agreements
This definition ties "Indemnified Person" to regulatory adherence.
"Indemnified Person" means any individual or entity entitled to indemnification for liabilities, penalties, or claims arising from efforts to comply with regulatory requirements under this agreement.
Definition of "Indemnified Person" in environmental agreements
This definition connects "Indemnified Person" to environmental liabilities.
"Indemnified Person" refers to any party entitled to indemnification for claims or damages arising from environmental liabilities or compliance with environmental regulations.
Definition of "Indemnified Person" in cross-border trade agreements
This definition links "Indemnified Person" to international commerce protections.
"Indemnified Person" includes any party to a cross-border transaction entitled to indemnification for claims, losses, or liabilities arising from international trade activities.
Definition of "Indemnified Person" in equity financing agreements
This definition ties "Indemnified Person" to investor protections.
"Indemnified Person" refers to any investor or equity holder entitled to indemnification for losses or claims arising from their participation in the financing of the company.
Definition of "Indemnified Person" in energy supply agreements
This definition connects "Indemnified Person" to energy providers.
"Indemnified Person" means any energy supplier, distributor, or buyer entitled to indemnification for claims, liabilities, or damages arising from the supply or purchase of energy.
Definition of "Indemnified Person" in subcontractor agreements
This definition links "Indemnified Person" to subcontractor protections.
"Indemnified Person" includes any subcontractor entitled to indemnification for claims, damages, or liabilities arising out of their performance of work under this agreement.
Definition of "Indemnified Person" in nonprofit agreements
This definition ties "Indemnified Person" to nonprofit directors and officers.
"Indemnified Person" refers to any director, officer, or volunteer of a nonprofit organization entitled to indemnification for claims or liabilities incurred in the course of their service.
Definition of "Indemnified Person" in aviation agreements
This definition connects "Indemnified Person" to airline operators.
"Indemnified Person" means any airline operator or lessor entitled to indemnification for claims, liabilities, or damages arising from the operation, lease, or maintenance of aircraft.
Definition of "Indemnified Person" in licensing agreements
This definition links "Indemnified Person" to licensors and licensees.
"Indemnified Person" includes any licensor or licensee entitled to indemnification for claims, damages, or liabilities resulting from the use of licensed intellectual property under this agreement.
Definition of "Indemnified Person" in cybersecurity agreements
This definition ties "Indemnified Person" to data protection obligations.
"Indemnified Person" refers to any party entitled to indemnification for liabilities, damages, or claims arising from data breaches, cybersecurity incidents, or regulatory violations related to data protection.
Definition of "Indemnified Person" in maritime agreements
This definition connects "Indemnified Person" to shipping protections.
"Indemnified Person" means any shipowner, operator, or charterer entitled to indemnification for claims, liabilities, or damages arising from shipping operations under this agreement.
Definition of "Indemnified Person" in corporate restructuring agreements
This definition links "Indemnified Person" to restructuring advisors.
"Indemnified Person" includes any financial advisor, legal counsel, or restructuring agent entitled to indemnification for claims or liabilities incurred in connection with corporate restructuring efforts.
Definition of "Indemnified Person" in hospitality agreements
This definition ties "Indemnified Person" to hotel operators.
"Indemnified Person" refers to any hotel owner, operator, or management company entitled to indemnification for claims, damages, or liabilities arising from the operation or management of hotel properties.
Definition of "Indemnified Person" in joint defense agreements
This definition connects "Indemnified Person" to collaborative legal protections.
"Indemnified Person" means any party to a joint defense agreement entitled to indemnification for liabilities or claims arising from cooperative legal defense efforts.
Definition of "Indemnified Person" in financial institution agreements
This definition links "Indemnified Person" to banking protections.
"Indemnified Person" includes any bank, lender, or financial institution entitled to indemnification for claims, damages, or liabilities arising from their role in providing financial services under this agreement.
Definition of "Indemnified Person" in media and entertainment agreements
This definition ties "Indemnified Person" to creative protections.
"Indemnified Person" refers to any producer, distributor, or content creator entitled to indemnification for claims or damages arising from the production, distribution, or use of media content.
Definition of "Indemnified Person" in government contracts
This definition connects "Indemnified Person" to contractor protections.
"Indemnified Person" means any contractor or subcontractor entitled to indemnification for liabilities or claims arising from their performance of obligations under a government contract.
Definition of "Indemnified Person" in intellectual property disputes
This definition links "Indemnified Person" to IP dispute resolution.
"Indemnified Person" includes any party entitled to indemnification for claims or liabilities arising from disputes over intellectual property ownership or infringement.
Definition of "Indemnified Person" in renewable energy projects
This definition ties "Indemnified Person" to energy project stakeholders.
"Indemnified Person" refers to any stakeholder in a renewable energy project entitled to indemnification for claims, damages, or liabilities arising from project activities.
Definition of "Indemnified Person" in antitrust compliance agreements
This definition connects "Indemnified Person" to legal compliance.
"Indemnified Person" means any employee, officer, or agent entitled to indemnification for claims, penalties, or liabilities arising from compliance with antitrust laws and regulations.
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.