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Hi, Thank you for your question and welcome. My name is ***** ***** I will assist you. Can you send me the exact wording of the indemnity? Kind regards AJ
Hi, Thank you. The indemnity here means you are indemnifying the other party in respect (I assume this is the case as it is not defined) of any parties failure to fulfill their obligations under the agreement. The fact that it is indemnity means that the other party does not have to prove or mitigate their losses in the event that they indemnifying party fails to conduct their duties. What the indemnity should say is they indemnify for "any costs, losses or expenses" arising from the other party;s failure to carry out their duties. Without the indemnity failure to carry out your duties would just be a breach of contract, meaning the party that has suffered a loss would have to prove and mitigate their losses. Kind regards AJ
Hi, Thank you. What exactly would you like the indemnity to cover? Kind regards AJ