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In other words, he explains, producers won't submit their animals for analysis without a guarantee of indemnification, meaning economic protection to recover losses should the virus be discovered.
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Menem then passed, by Presidential decree, the "law of indemnification".
"So the Transit Authority demanded an enormous amount of indemnification, and that took millions of dollars with a consortium of companies and backstage deal-making.
The last two issues, the question of indemnification and of Sakhalin Island, which the Japanese had seized from the Russians, nearly caused the entire proceedings to fail.
Some companies have insurance against insurance in the form of indemnification trusts, which are drawn upon only when a director is facing expenses related to a lawsuit.
After first introducing the idea of indemnification, I explained the role warranties and representations play in risk allocation.
The rate of indemnification shall be no more than the amount it would cost the State to perform the defense itself.
However, the single largest contractual barrier we encountered was the issue of indemnification and medical malpractice liability insurance.
No guarantee of shore.
Even victory is no guarantee of success.
But sophistication is no guarantee of success.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com