What is Indemnity in a Construction Contract?
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Indemnity is a term familiar to those in construction. Basically, indemnity shifts fault for damages or losses from one party to another. It is generally contractual, where one party agrees to assume responsibility by means of a written agreement, holding another harmless from the consequences of its actions or omissions. Indemnification shall always be a …
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What is Indemnity in a Construction Contract?