What it means to indemnify someone.

Awesome how she turned around at the very beginning. LOL

Thanks Michelle, indemnification very well explained.

Great explanation! Thanks.

"TRANSFER OF OUTSTANDING AMOUNT AND BALANCE OF DEPOSIT " Please make 1 video on this , thanks.

Tennessee, Perfect.

Very clear, thanks

So helpful! Thank you!

Can you explain indemnification in regards to GIG WORKERS using apps such as Uber, Grubhub, Postmates, Doordash, etc,.?

Thank you very much Michelle for your clear explanation of this important term.

So this can help you from not getting sued if something goes wrong for the other person?

Hello Michelle.👋🏼😊 Thank you for this video. I have a question regarding this "Indemnification". I am an owner and ceo of a small start up recruitment/staffing agency based here in the US. We recruit Nurses and Physical Therapists from the Philippines and have them employed by hospitals here in the US. In other words we just recruit these nurses/PTs and the Hospitals employ them (we just act as sort of a recruiter or the ones who refer these nurses/PTs). I just got my first contract from a huge hospital here and it contains an "Indemnification Clause". I think the clause is very vague and can encompass a lot of things. There is a word that I don't feel comfortable with and it is "related to" my company. I am afraid they would let me pay for any lawsuit they may have including if the nurse or pt that I recruited for them messes up and gets a lawsuit that they would let me pat for everything including attorneys fees and compensation for the one who sued the nurse (which can go upwards of millions of $$$). Is this indemnification clause about those things or is it just to protect their hospital from "irregularities from my company"? This is the complete indemnification clause: . Indemnification: Agency X (my company) shall defend and indemnify and hold harmless Hospital Y (my client hospital) and its directors, officers, employees, agents, stockholders, affiliates, subcontractors and customers from and against all allegations, claims, actions, suits, demands, damages, liabilities, obligations, losses, settlements, judgments, costs and expenses (including without limitation attorneys’ fees and costs) which arise out of, relate to or result from any act or omission of Agency X (my company). Please advise me on this. I am excited to sign this contract but I don't want to get into a contract that I would regret. I'm just trying to be cautious, we are just a start up recruitment business and we dont have the money to pay millions of dollars in lawsuit claims that we are not even supposed to. Remember that they will be the employer and not my company. So why do I have to cover their hospital or nurses/pt for their troubles? Or am I misinterpreting this? Either that's what I think it is or it's the other way around and they are just protecting themselves from any wrong doings that my company does which they have nothing to do with? Thank you and God bless you!🙏🏼😇🇺🇸

Thanks for the info! I had a couples question about hold harmless agreements. The insurance broker for my new biz says that I should have a hold harmless agreement for my employees and subs for the work we perform (staffing company providing servers, cooks, and bartenders for parties and events), before they even give me a quote! 1. Is this type of agreement normal in this industry? 2. When drafting such an agreement, what details should it include? Thanks again

Great explanation

Are there courses or schools on how to review contracts. I used to work in P&C for an insurance company now I am working for the contractor side

INDEMNITY: During and after the completion of operations, each party shall defend (at the indemnified party’s election), indemnify and hold harmless the other party from and against any and all third party claims, loss, liability and expenses (including reasonable attorney’s fees) arising or resulting from or in connection with any (a) negligence or misconduct on the part of the indemnifying party or its personnel, contractors, officers or agents within the scope of this Agreement (b) any breach of indemnifying party’s or its personnel’s obligations under this agreement, including any representations, warranties and/or covenants. I don't understand ''at the indemnified party's election''. I am servicing a parking lot for snow. and they want to add this kind of indemnification. What does it mean?

Hi thanks for the video, I had one question, Im leaving my friend’s company/startup, I have agreed transferring my shares to her. And In the leaving contract its written “ The Benificiary(Me) saves Harmless and indemnifies the Trustee(Her) in her capacity as director and shareholder from all costs, claims, demands or damages that may be made or claimed against them in their capacity as director and/or shareholder of the company and acting in accordance with the deed” can you please explain this?

Indemnify Bond For Pay Of Deceased. It says Please Have Bond Notarized. X________ Principal I'm asking what do I sign under Principal? It was my father who passed away in November.

I am buying a house and they told me the title company would like for me to sign an indemnity insures what should I look for

would You please explain Discharge of surety from liability?

What in the actual fuck