To Indemnify, Hold Harmless and Defend; Frequently Used and Frequently Misunderstood Contract Terms
In a post on the firm’s website, George Nicholos of Vandeventer Black LLP provides an overview of contract terms addressing indemnity and requirements to hold harmless or responsible for the defense of another.
He cautions that these terms are often misunderstood, not fully appreciated, and found confusing by many.
Nicholos also warns that “it is critical that parties have a clear and informed understanding about what they are obligating themselves to in relation to the benefits of entering a contract in the first place.”
