It's worth noting, however, that Oracle insures and indemnifies its board members.
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Buried in the fine print, this fine indemnifies Facebook for any and all claims prior to June 12, 2019.
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Corellium says on its website that it indemnifies end users against charges that its software violates copyright, Ars Technica added.
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Waymo confirmed that Uber had paid the $9.7 million owed by Ron, as Uber indemnifies workers under its employment agreements.
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He also pointed out that Wellpath routinely indemnifies state and local governments from all legal costs in cases involving alleged medical mistakes.
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Even Exxon Mobil's $1 million gift to the advocacy group arguing for a carbon tax — the Baker Shultz plan — indemnifies them, holds them harmless for climate damages.
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Critics of the deal, notes the Journal, insist that it indemnifies Facebook against all kinds of past wrongdoing — including stuff that we may not presently know about.
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It should be noted that Oracle insures and indemnifies its board members, so should the shareholder's win, Oracle's insurance company may actually be the one on the hook to pay up.
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Irrespective of where one stands on the issue of drug legalization, such criminal activity violates the letter and spirit of the agreement, which indemnifies only trafficking that took place before it was signed.
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Section 4 of the bill lays out a litany of ways the state indemnifies anyone who acts according to their religious beliefs, while Section 5 permits anyone successfully asserting a violation of the act to obtain declaratory or injunctive relief, compensatory damages and attorneys' fees.
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"While I am deeply skeptical that the airport express train is feasible on the timetable and terms spelled out, I would [be] happy to be proven wrong—as long as taxpayers are not on the hook for any costs and Mr. Musk fully indemnifies the city for an unexpected damage his big dig might cause," he told The Verge in an emailed statement.
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When a company insures an individual entity, there are basic legal requirements and regulations. Several commonly cited legal principles of insurance include:Irish Brokers Association. Insurance Principles . # Indemnity – the insurance company indemnifies or compensates, the insured in the case of certain losses only up to the insured's interest.
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Buildings are subject to many different risks while under construction. They may catch fire, be damaged by high winds, or fall victim to other force majeure. A principle of common law is that any new construction or other improvement to land becomes property of the owner of the land - the title holder - once there has been an "improvement" to the owner's site. Builder's risk insurance indemnifies against some of these losses.
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Following this massacre, Cheyassin Secka "read out the April 10 Commission Report, which indemnifies the April 10 student killers to the local press." After reading out this report, he was relieved from his post by president Jammeh on 30 January 2001, following "the indemnification of the student killers". He was a barrister at law and one of the renowned barristers of the country. He joined the legal profession in 1973 as a practicing barrister.
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The document reflects lessons learned from the abrogated constitutions of 1957, 1960,69, and 1979, and incorporates provisions and institutions drawn from British and American constitutional models. One controversial provision of the Constitution indemnifies members and appointees of the Provisional National Defence Council (PNDC) from liability for any official act or omission during the years of PNDC rule. The Constitution calls for a system of checks and balances, with power shared between a president, a unicameral parliament, a council of state, and an independent judiciary.
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Wordings with major legal differences can be confusingly similar to non-lawyers. Coverage for "negligent act, error or omission" indemnifies the policyholder against loss/circumstances incurred only as a result of any professional error or omission, or negligent act (i.e., the modifier "negligent" does not apply to all three categories, though any non-legal reader might assume that it did). A "negligent act, negligent error or negligent omission" clause is a much more restrictive policy and would deny coverage in a lawsuit alleging a non- negligent error or omission.
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For some time, it has been the case that the cargo may arrive at the destination before the bill of lading; and a practice has arisen for the shipper (having sent the bill of lading to the banks for checking) to send to the consignee a letter of indemnity (LOI) which can be presented to the carrier in exchange for the cargo. The LOI indemnifies the carrier against any cargo claim, but the document is not transferable and has no established legal status. For letter of credit and documentary collection transactions, it is important to retain title to the goods until the transaction is complete. This means that the bill of lading still remains a vital document within international trade. Alternatively, to overcome the possibility of the goods reaching the destination ahead of the cargo, majority of the Shipping Lines offer an “Express release” service (formerly known as “Telex release”).
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