Indemnity Clause Sample Australia. The Indemnitee will or has received payment under a valid and collectible insurance policy or under a valid and enforcement indemnity clause, bylaw or. Indemnification -- A standard mutual indemnity, where University indemnifies Sponsor with respect to negligence, and Sponsor indemnifies.
Indemnity clause - the provision contained in the contract stating that one side of the contract is obliged to compensate for the other party liability, loss or loss resulting from a previously signed contract.
An indemnity is little more than an agreement to cover loss and damage suffered by another.
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Often a dependent clause is marked by a dependent marker word. The Owner hereby covenants with the Nominee and with the Employee that he will at all times hereafter indemnify and keep indemnified. Medical indemnity is a form of professional indemnity coverage defined by Australian legislation - the Medical Indemnity.
