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What is Indemnity in a Construction Contract?
FromThe Lien Zone Podcast: Construction Law, Contracts, Liens, Bonds & Collections
What is Indemnity in a Construction Contract?
FromThe Lien Zone Podcast: Construction Law, Contracts, Liens, Bonds & Collections
ratings:
Length:
9 minutes
Released:
Oct 20, 2022
Format:
Podcast episode
Description
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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The post What is Indemnity in a Construction Contract? appeared first on TheLienZone Podcast.
Released:
Oct 20, 2022
Format:
Podcast episode
Titles in the series (100)
I’ve Sent my Notice of Non-Payment, When do I Get Paid?: A Notice of Nonpayment, similar to a lien, is a document that's sent to the bonded contractor and his or her surety, advising them that you're owed money on a job and you intend to look to the bond to be paid. - by The Lien Zone Podcast: Construction Law, Contracts, Liens, Bonds & Collections