Employee Indemnity
Indemnity is a contractual agreement between two parties. In this arrangement, one party agrees to pay for potential losses or damages caused by another party.
Indemnification provisions are generally enforceable. There are certain exceptions however. Indemnifications that require a party to indemnify another party for any claim irrespective of fault (‘broad form’ or ‘no fault’ indemnities) generally have been found to violate public policy.
What is Employee indemnification?
An indemnity provision can be negotiated into an employment contract to provide the executive with an enforceable right to have the company cover all expenses if the executive is sued in connection with the executive’s current or previous employment with the organization.
It is important for an employee to execute an indemnity contract with your employer to protect the employee from lawsuits arising from actions committed or ommited in the course of the employment.
We draft and execute Employee Indemnity Contracts and have them registered inline with the US law and the DC Bar.
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