10:33
checking in on Wake Forest. Y'all heard anything?
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
indemnitee
Read a random definition: personal suretyship
A quick definition of indemnitee:
Term: INDEMNITEE
Definition: An indemnitee is someone who receives compensation or protection from another person or entity.
Simply put, an indemnitee is someone who is given money or support by someone else to make up for any losses or damages they may have suffered. It's like getting a helping hand when you need it most.
A more thorough explanation:
Definition: An indemnitee is a person or entity that receives indemnity or protection from another party.
Example 1: A construction worker is injured on a job site due to the negligence of a subcontractor. The injured worker may be considered an indemnitee and receive compensation from the subcontractor's insurance company.
Example 2: A company hires a third-party vendor to provide a service. The contract between the company and the vendor includes an indemnification clause, which means that the company is protected from any legal claims that may arise from the vendor's actions.
These examples illustrate how an indemnitee is someone who benefits from indemnity or protection provided by another party. In the first example, the injured worker is protected by the subcontractor's insurance policy. In the second example, the company is protected by the indemnification clause in their contract with the vendor.