To indemnify another party is to compensate that party for losses that that party has incurred or will incur as related to a specified incident.
Typical Indemnity ClauseThis is an example of what a typical indemnification clause...
liability
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Petitioners, Joseph Jesner, et al. (“Jesner”), are non-residents of the United States who were injured by terrorists in the Middle East. In re Arab Bank, PLC Alien Tort Statute Litigation, 808 F.3d 144, 147 (2d Cir. 2015 ). Respondent, Arab Bank, PLC (...
(Wex page)
Overview
When two or more parties are jointly and severally liable for a tortious act, each party is independently liable for the full extent of the injuries stemming from the tortious act. Thus, if a plaintiff wins a money judgment against the parties...
(Wex page)
Overview
"Piercing the corporate veil" refers to a situation in which courts put aside limited liability and hold a corporation's shareholders or directors personally liable for the corporation’s actions or debts. Veil piercing is most common in...
(Wex page)
Overview
A legal doctrine, most commonly used in tort, that holds an employer or principal legally responsible for the wrongful acts of an employee or agent, if such acts occur within the scope of the employment or agency. Typically when respondeat...
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In April of 2000, Diana Levine sought medical treatment for symptoms, such as pain and nausea, caused by a migraine headache. See Levine v. Wyeth, 944 A.2d 179, 182 (Vt. 2006). To relieve her nausea, Levine was given two injections of Phenergan, a drug...