In legal circles, the word “indemnity” is used in contracts. It means recompense for any loss or liability which one person has incurred. It has been defined as an obligation undertaken by a person called the indemnitor/indemnifier to provide compensation for a particular loss suffered by another person called the indemnitee/indemnity holder. A claim to an indemnity can arise by either by operation of law or by contract. It must also be noted that an indemnity can be made subject to the rules of damages. The indemnifier bears the primary obligation with regard to the amount of the…
Know Your Land Documents
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Lagos State Documents
Know Your Land Documents
INDEMNITY CLAUSE IN LAND TRANSACTIONS – ITS RELEVANCE
Sunday
20
January 2019
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