Indemnitor definition: Copy, customize, and use instantly
Introduction
The term "Indemnitor" refers to a party that agrees to compensate or protect another party from financial loss, legal liability, or damages arising from specific events, claims, or contractual obligations. It is essential for defining risk allocation, liability protection, and financial responsibility in contracts.
Below are various examples of how "Indemnitor" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Indemnitor" as a party assuming financial liability
This definition ties "Indemnitor" to financial responsibility.
"Indemnitor" means the party that assumes the obligation to compensate or reimburse another party for losses, damages, expenses, or liabilities incurred under the terms of an agreement.
Definition of "Indemnitor" as a legal protection provider
This definition connects "Indemnitor" to shielding another party from liability.
"Indemnitor" refers to a person or entity that agrees to protect, defend, and hold harmless another party against claims, damages, or legal actions resulting from specified risks or contractual obligations.
Definition of "Indemnitor" as a guarantor of third-party claims
This definition links "Indemnitor" to third-party liability.
"Indemnitor" means the party responsible for reimbursing an indemnitee for any claims, judgments, settlements, or legal fees arising from third-party lawsuits or demands.
Definition of "Indemnitor" as a contractual risk-bearer
This definition applies "Indemnitor" to contract-based indemnity agreements.
"Indemnitor" refers to a party that contractually assumes the financial and legal risks associated with a specific event, loss, or liability, as outlined in an indemnification agreement.
Definition of "Indemnitor" as a party obligated to compensate for damages
This definition ties "Indemnitor" to financial compensation.
"Indemnitor" means a party that is contractually obligated to reimburse another party for financial losses, damages, or expenses arising from specified circumstances.
Definition of "Indemnitor" as a provider of legal defense
This definition connects "Indemnitor" to legal protection responsibilities.
"Indemnitor" refers to the party responsible for providing legal defense, including covering attorney fees and court costs, in the event of a claim against the indemnified party.
Definition of "Indemnitor" as a liability assumption entity
This definition links "Indemnitor" to risk assumption.
"Indemnitor" means a person or entity that agrees to assume responsibility for specific risks, liabilities, or losses under an indemnification clause in a contract.
Definition of "Indemnitor" as a reimbursement guarantor
This definition applies "Indemnitor" to financial reimbursement agreements.
"Indemnitor" refers to a party that guarantees repayment or reimbursement of costs incurred by another party due to claims, penalties, or legal actions.
Definition of "Indemnitor" as a party shielding against third-party claims
This definition ties "Indemnitor" to third-party legal liability.
"Indemnitor" means an entity that agrees to protect another party from claims, lawsuits, or damages initiated by third parties, ensuring no financial burden falls on the indemnitee.
Definition of "Indemnitor" as a risk-transfer participant in contracts
This definition connects "Indemnitor" to contractual risk allocation.
"Indemnitor" refers to a party that agrees to assume and manage risks that would otherwise be borne by another party, typically outlined in an indemnity provision.
Definition of "Indemnitor" as a financial safeguard in transactions
This definition links "Indemnitor" to financial protection in business transactions.
"Indemnitor" means a party that ensures financial security by agreeing to cover potential losses, damages, or costs incurred during a contractual relationship.
Definition of "Indemnitor" as a compliance risk manager
This definition applies "Indemnitor" to regulatory and compliance risks.
"Indemnitor" refers to an entity that assumes responsibility for financial penalties, fines, or liabilities arising from non-compliance with laws, regulations, or industry standards.
Definition of "Indemnitor" as an insurance-like risk carrier
This definition ties "Indemnitor" to providing risk coverage similar to an insurer.
"Indemnitor" means a party that undertakes obligations similar to an insurance provider by agreeing to cover losses or damages specified in an indemnity agreement.
Definition of "Indemnitor" as a liability shield in corporate transactions
This definition connects "Indemnitor" to indemnity in mergers and acquisitions.
"Indemnitor" refers to a party that assumes financial responsibility for legal claims, tax liabilities, or contingent risks in corporate transactions, including mergers and acquisitions.
Definition of "Indemnitor" as a performance guarantee provider
This definition links "Indemnitor" to performance-related financial protection.
"Indemnitor" means a party that agrees to compensate another party in case of non-performance, breach of contract, or failure to meet agreed-upon obligations.
Definition of "Indemnitor" as an entity covering contractually defined losses
This definition applies "Indemnitor" to predefined financial obligations.
"Indemnitor" refers to a party that contractually commits to covering specific losses, damages, or expenses arising from a contractually defined event.
Definition of "Indemnitor" as a financial backstop in commercial agreements
This definition ties "Indemnitor" to commercial contract risk management.
"Indemnitor" means a party that serves as a financial backstop, ensuring compensation or reimbursement in cases of contractual disputes, claims, or unforeseen liabilities.
Definition of "Indemnitor" as a safeguard against intellectual property claims
This definition connects "Indemnitor" to protecting intellectual property risks.
"Indemnitor" refers to a party that agrees to protect another party from claims of intellectual property infringement, including covering legal costs and potential damages.
Definition of "Indemnitor" as an entity assuming tort liabilities
This definition links "Indemnitor" to tort-related indemnity obligations.
"Indemnitor" means a party that assumes financial responsibility for damages arising from tort claims, including personal injury, negligence, or product liability cases.
Definition of "Indemnitor" as a construction risk manager
This definition applies "Indemnitor" to construction contracts and liability coverage.
"Indemnitor" refers to a party responsible for covering construction-related risks, including worker injuries, property damage, and contractual penalties.
Definition of "Indemnitor" as a safeguard against breach of contract claims
This definition ties "Indemnitor" to contractual dispute resolution.
"Indemnitor" means a party that agrees to cover legal costs, settlements, and damages resulting from a breach of contract or failure to fulfill contractual obligations.
Definition of "Indemnitor" as a provider of environmental liability protection
This definition connects "Indemnitor" to environmental compliance and liability.
"Indemnitor" refers to a party that assumes responsibility for environmental cleanup costs, regulatory fines, or damages arising from pollution or hazardous material incidents.
Definition of "Indemnitor" as a financial guarantor in lease agreements
This definition links "Indemnitor" to real estate lease agreements.
"Indemnitor" means a party that assumes financial responsibility for lease obligations, rent payments, and potential damages under a commercial or residential lease.
Definition of "Indemnitor" as a party assuming liability for subcontractor actions
This definition applies "Indemnitor" to subcontractor-related risks.
"Indemnitor" refers to a party that agrees to indemnify another party against losses, claims, or damages caused by subcontractors, vendors, or third-party service providers.
Definition of "Indemnitor" as a contractual loss compensator
This definition ties "Indemnitor" to direct loss reimbursement.
"Indemnitor" means a party that is contractually obligated to compensate another party for losses, damages, or liabilities arising from an agreed-upon event or risk.
Definition of "Indemnitor" as a provider of financial restitution
This definition connects "Indemnitor" to monetary compensation for harm or loss.
"Indemnitor" refers to a party responsible for reimbursing financial damages incurred by another party due to contractual breaches, negligence, or unforeseen liabilities.
Definition of "Indemnitor" as a holder of indemnification obligations
This definition links "Indemnitor" to binding indemnity provisions.
"Indemnitor" means a person or entity that agrees to indemnify and hold harmless another party from specific claims, liabilities, or legal expenses.
Definition of "Indemnitor" as a contractual risk mitigator
This definition applies "Indemnitor" to reducing another party’s exposure to risk.
"Indemnitor" refers to a party that assumes responsibility for mitigating risks or financial burdens that could otherwise be imposed on the indemnitee.
Definition of "Indemnitor" as a compensating party in insurance agreements
This definition ties "Indemnitor" to indemnity in insurance policies.
"Indemnitor" means a party, including an insurer, that agrees to compensate an insured party for covered losses, damages, or liabilities.
Definition of "Indemnitor" as a third-party defense provider
This definition connects "Indemnitor" to defending against external claims.
"Indemnitor" refers to a party that provides legal defense and financial support in response to claims, lawsuits, or liabilities asserted by third parties.
Definition of "Indemnitor" as a loss absorption entity in business transactions
This definition links "Indemnitor" to financial risk allocation.
"Indemnitor" means a party that assumes financial responsibility for losses incurred by another party in business dealings, partnerships, or service agreements.
Definition of "Indemnitor" as a liability transfer mechanism
This definition applies "Indemnitor" to risk-shifting agreements.
"Indemnitor" refers to a party that accepts transferred liability from another party, often as part of a contractual risk allocation strategy.
Definition of "Indemnitor" as a litigation cost protector
This definition ties "Indemnitor" to shielding against legal expenses.
"Indemnitor" means a party that agrees to cover attorney fees, court costs, and other litigation-related expenses incurred by the indemnitee.
Definition of "Indemnitor" as a financial buffer against regulatory penalties
This definition connects "Indemnitor" to indemnification for compliance risks.
"Indemnitor" refers to a party that assumes financial responsibility for fines, penalties, or enforcement actions imposed on the indemnitee due to regulatory violations.
Definition of "Indemnitor" as a guarantor of contractual performance
This definition links "Indemnitor" to performance guarantees.
"Indemnitor" means a party that guarantees the performance of contractual obligations and agrees to cover losses if the primary obligor fails to meet expectations.
Definition of "Indemnitor" as an entity absorbing financial exposure
This definition applies "Indemnitor" to shielding against unpredictable losses.
"Indemnitor" refers to a party that assumes financial exposure by agreeing to compensate another party for liabilities that may arise in the course of business operations.
Definition of "Indemnitor" as a protection provider in real estate contracts
This definition ties "Indemnitor" to property transactions.
"Indemnitor" means a party responsible for indemnifying another party against losses arising from property disputes, title defects, or lease violations.
Definition of "Indemnitor" as a subcontractor risk manager
This definition connects "Indemnitor" to third-party service liabilities.
"Indemnitor" refers to a party that agrees to indemnify against liabilities caused by subcontractors, agents, or independent contractors under its control.
Definition of "Indemnitor" as a financial safeguard in procurement contracts
This definition links "Indemnitor" to supply chain risk allocation.
"Indemnitor" means a party that assumes financial responsibility for liabilities, damages, or disruptions arising from procurement agreements or vendor contracts.
Definition of "Indemnitor" as an entity assuming tax liability risks
This definition applies "Indemnitor" to tax indemnification clauses.
"Indemnitor" refers to a party that agrees to compensate another party for tax obligations, assessments, or penalties arising from contractual transactions.
Definition of "Indemnitor" as a backstop for loan and credit agreements
This definition ties "Indemnitor" to financial backing in lending arrangements.
"Indemnitor" means a party that provides financial guarantees in loan or credit agreements, ensuring repayment in case of default.
Definition of "Indemnitor" as a party covering environmental liabilities
This definition connects "Indemnitor" to environmental indemnity agreements.
"Indemnitor" refers to a party that assumes financial responsibility for environmental cleanup, contamination-related liabilities, or regulatory compliance costs.
Definition of "Indemnitor" as a protection mechanism in franchise agreements
This definition links "Indemnitor" to franchise risk-sharing.
"Indemnitor" means a franchisor or franchisee that indemnifies the other party against liabilities, operational risks, or third-party claims arising from franchise operations.
Definition of "Indemnitor" as a warranty and defect liability provider
This definition applies "Indemnitor" to product and service guarantees.
"Indemnitor" refers to a party that agrees to cover costs, claims, or damages related to defective products, services, or warranty claims.
Definition of "Indemnitor" as a party covering contractual breaches
This definition ties "Indemnitor" to compensation for contract violations.
"Indemnitor" means a party that assumes financial responsibility for losses, penalties, or damages resulting from a breach of contract by itself or another party.
Definition of "Indemnitor" as a responsible entity for product liability claims
This definition connects "Indemnitor" to defective products and consumer claims.
"Indemnitor" refers to a party that agrees to cover legal fees, settlements, or damages related to product liability claims, including design defects and manufacturing faults.
Definition of "Indemnitor" as a protection provider for service-based liabilities
This definition links "Indemnitor" to service industry indemnification.
"Indemnitor" means a party that assumes financial responsibility for claims, damages, or disputes arising from the performance or failure of professional services.
Definition of "Indemnitor" as a party covering force majeure risks
This definition applies "Indemnitor" to indemnity in unforeseen circumstances.
"Indemnitor" refers to a party that indemnifies another for financial losses or disruptions caused by force majeure events, such as natural disasters or government actions.
Definition of "Indemnitor" as an entity providing financial security for warranties
This definition ties "Indemnitor" to product and service warranties.
"Indemnitor" means a party that agrees to compensate for losses, damages, or legal claims arising from breached or faulty warranties in goods or services.
Definition of "Indemnitor" as a contractual party assuming joint and several liability
This definition connects "Indemnitor" to shared responsibility.
"Indemnitor" refers to a party that, along with others, assumes joint and several liability, ensuring full coverage of losses, regardless of fault allocation among multiple indemnitors.
Definition of "Indemnitor" as a financial guarantor in acquisition deals
This definition links "Indemnitor" to mergers and acquisitions.
"Indemnitor" means a party that agrees to indemnify the buyer or seller against post-closing liabilities, financial misstatements, or undisclosed risks in an acquisition transaction.
Definition of "Indemnitor" as a party covering professional malpractice claims
This definition applies "Indemnitor" to legal and professional service providers.
"Indemnitor" refers to a party that indemnifies professionals, such as attorneys, doctors, or consultants, against malpractice claims, negligence allegations, or errors in service delivery.
Definition of "Indemnitor" as a holder of defense obligations in legal proceedings
This definition ties "Indemnitor" to legal cost coverage.
"Indemnitor" means a party that assumes the responsibility of covering legal defense costs, settlements, or judgments resulting from claims against an indemnified party.
Definition of "Indemnitor" as a party protecting against cybersecurity breaches
This definition connects "Indemnitor" to digital security indemnification.
"Indemnitor" refers to an entity that indemnifies against losses or claims arising from cybersecurity incidents, data breaches, or unauthorized access to sensitive information.
Definition of "Indemnitor" as a financial risk holder in leasing agreements
This definition links "Indemnitor" to commercial lease obligations.
"Indemnitor" means a party that agrees to indemnify a landlord or tenant against losses, damages, or liabilities arising from lease breaches, property damage, or rent defaults.
Definition of "Indemnitor" as a third-party indemnification provider in employment contracts
This definition applies "Indemnitor" to employer-employee indemnity.
"Indemnitor" refers to an employer or contractor that assumes responsibility for legal claims, discrimination lawsuits, or workplace-related liabilities involving employees or third parties.
Definition of "Indemnitor" as a coverage provider in transportation and logistics
This definition ties "Indemnitor" to indemnity in shipping and freight.
"Indemnitor" means a party that assumes financial responsibility for losses, delays, damages, or claims arising from transportation, shipping, or logistics operations.
Definition of "Indemnitor" as a financial safeguard in investment agreements
This definition connects "Indemnitor" to investor protection.
"Indemnitor" refers to an entity that guarantees financial coverage for investment losses, fraud claims, or regulatory penalties in financial transactions.
Definition of "Indemnitor" as a party assuming responsibility for subcontractor errors
This definition links "Indemnitor" to construction and vendor liability.
"Indemnitor" means a party that agrees to cover liabilities, damages, or claims resulting from the acts, omissions, or negligence of subcontractors or third-party vendors.
Definition of "Indemnitor" as an entity assuming responsibility for tax-related risks
This definition applies "Indemnitor" to tax law indemnity.
"Indemnitor" refers to a party that indemnifies another against tax liabilities, audits, penalties, or assessments arising from transactions, misstatements, or tax filings.
Definition of "Indemnitor" as a provider of indemnification in intellectual property disputes
This definition ties "Indemnitor" to IP infringement protections.
"Indemnitor" means a party that indemnifies another against claims of intellectual property infringement, including copyright, patent, or trademark violations.
Definition of "Indemnitor" as a financial backer in loan guarantee agreements
This definition connects "Indemnitor" to credit and lending indemnity.
"Indemnitor" refers to a party that guarantees loan repayment by indemnifying lenders against borrower defaults, financial distress, or collateral deficiencies.
Definition of "Indemnitor" as an entity covering environmental contamination liabilities
This definition links "Indemnitor" to environmental cleanup costs.
"Indemnitor" means a party that agrees to indemnify against claims, cleanup costs, or regulatory fines related to environmental contamination, hazardous materials, or pollution.
Definition of "Indemnitor" as a provider of defense and indemnity in franchise agreements
This definition applies "Indemnitor" to franchisor-franchisee liability protection.
"Indemnitor" refers to a franchisor or franchisee that indemnifies the other party against losses, legal claims, or operational liabilities arising from the franchise relationship.
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.