Simple English definitions for legal terms
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Term: INDEMNIFIER
Definition: An indemnifier is someone who promises to protect or compensate another person if they suffer any loss or damage. It is also known as an indemnitor.
Example: If you rent a car, the rental company may require you to have an indemnifier who will pay for any damages to the car while it is in your possession.
Definition: An indemnifier is a person or entity that agrees to compensate or reimburse another party for any losses, damages, or liabilities that may arise from a particular transaction or situation.
Examples:
These examples illustrate how an indemnifier assumes responsibility for potential risks or losses that may occur in a given situation. By agreeing to indemnify another party, they are essentially providing a form of insurance or protection against unforeseen events.