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LSDefine

Simple English definitions for legal terms

indemnity contract

Read a random definition: Australian ballot

A quick definition of indemnity contract:

An indemnity contract is an agreement between two or more parties that creates obligations that can be enforced by law. It is a written document that sets out the terms of the agreement. A contract can refer to three things: the actions taken by the parties to create new legal relations, the physical document that serves as evidence of the agreement, and the legal relations that result from the agreement. A contract is a promise or set of promises that the law recognizes as a duty. An indemnity contract is a type of contract that requires one party to compensate the other party for any losses or damages that may occur as a result of the agreement.

A more thorough explanation:

An indemnity contract is a type of contract that creates obligations between two or more parties. These obligations are enforceable by law.

For example, let's say that John hires a contractor to build a new deck on his house. As part of the contract, the contractor agrees to indemnify John against any damages or injuries that occur during the construction process. This means that if someone gets hurt while the deck is being built, the contractor is responsible for paying any resulting damages or medical bills.

Another example of an indemnity contract is when a tenant signs a lease agreement. The lease may include a clause stating that the tenant is responsible for any damages that occur to the property during their tenancy. This means that if the tenant accidentally breaks a window or damages the flooring, they are obligated to pay for the repairs.

Overall, an indemnity contract is a legal agreement that outlines the responsibilities and obligations of each party involved. It is important to carefully review and understand the terms of any contract before signing it.

indemnity clause | indemnity land

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BulbasaurNoLikeCardio
10:07
Yes, I don't think having metal on my face or nips would be fun long term
Dkk
10:07
@BulbasaurNoLikeCardio: I would like that too. I would like to feel that.
honestly any face piercing hurts a lot less than any ear one for me
Dkk
10:07
Man, maybe I will eat another ghost pepper today.
BulbasaurNoLikeCardio
10:07
Like I have my whole body tattooed and dry lined litterally everywhere on my body to just see how it feels
i was so terrified to get my lip done and it was completely fine lmao
but i my industrial was not fun lol
Dkk
10:07
@jackfrost11770: yo you excited for arcane tonight! I haven't slept more than 4 hours in like 3 days.
triplethread
10:08
im back guys my break lasted 24 hours
Dkk
10:08
I feel my strength returning after being sick.
i'm gonna watch it tmrw!! and yes not ready lol omg i can't imagine it'll be a happy ending
triplethread
10:08
my nips are pierced
snow
10:08
thread we hoping kent today lmaooo
triplethread
10:08
YESSS
babycat
10:08
I have a conch that took forever to heal until i switched it to a hoop
snow
10:08
like a sea shell?
triplethread
10:08
Lips scare me more than nips
babycat
10:08
There’s a part of your ear called the conch, bc it’s shaped like that
triple yeah same but it fr didn't hurt at at all it was kinda underwhelming lol
Dkk
10:09
@jackfrost11770: I am gunna make a wild prediction that ekko shows up and uses his chrono shift power to reverse time. Btw, you probably don't know this but Vi - 6, Vander - 5, Jinx - 10, Ekko - 12. Silco -2.
but it's def the visual of having a needle go through your lip that is the scariest part but it was completely fine
BulbasaurNoLikeCardio
10:09
I had a friend who had like 6 piercings in each ear, I was like that has to be loud
no dkk i think the same!!!!
BulbasaurNoLikeCardio
10:09
They would click clack
babycat
10:09
I almost did nipple piercing on a dare once but I would be sad if my nipples looked different
triplethread
10:09
I didnt bleed when i got mine done and they never hurt. I think my body is just really built for piercings because i've never had any rejections its that african tribal blood
Dkk
10:09
@triplethread: did you soak em in like salt water for a year.
triplethread
10:10
nope
BulbasaurNoLikeCardio
10:10
@babycat: they are too cute for piercings? My wife plans to get them done after breast feeding and Id do it to see how it feels and laugh
bulb i have like 6 piercings in each ear but they're all apart from each other so they do not clack lol
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