What Is an Indemnification Clause? + 3 Types of Indemnification Clauses

Business contracts and their provisions can vary greatly but there are some provisions you should become familiar with. Today I'll be addressing the question, "What is an indemnification clause?" I'll provide the definition of an indemnification clause (also referred to as indemnity), explain why the provision is so fundamental to commercial legal agreements, and tell you about 3 particular types of indemnification clauses to be mindful of.

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00:00:00 Intro to Business Contract Provisions & Clauses
0:48 Some Business Contract Clause Examples
02:16 What is an Indemnification Clause?
02:42 Three Types of Indemnification Clauses

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