What is an indemnity clause? An indemnity clause sets the compensation you or the other party will receive when a specific event (also called the “trigger event”) occurs. This clause can be fully customised by the parties and can cover any event they think should be protected. It can also state either a specific amount of indemnification if the event arises or overall amounts such as covering for any legal fees, administrative fees, claims, etc. For example, your clients often include an indemnity clause to cover them for potential risks of intellectual property breaches. APSCo contract templates always include an indemnity clause designed to protect your business. You can access them through our model of contract page in the link below. 🔗 https://lnkd.in/dSC8KYQh #APSCo #FAQWednesday #WednesdayWisdom #APSCoMembers
