"indemnification agreement" is a correct phrase in written English.
It is typically used in business or legal contexts to refer to a contract in which one party agrees to protect the other from certain losses or damages. For example, "The company and the contractor signed an indemnification agreement that would protect against any potential liabilities."
According to legal experts, the indemnification agreement covers all legal expenses, including but not limited to confidentiality agreements.
Countrywide itself is paying $20 million of Mr. Mozilo's $67.5 million payment as part of an indemnification agreement he has with the company.
("Company Y" has already billed the C.I.A. $1.1 million dollars as part of an "indemnification" agreement that pays its legal expenses related to the program through 2021).
Dr. Augustine then sued Arizant in a Minnesota state court asserting that it owed him, under an indemnification agreement, that $2 million fine plus millions of dollars more in salary.
Yet the city's Law Department represented them anyway because of an indemnification agreement under which the city assumes the cost of defending any lawsuit arising from the 2004 convention that names the Republican National Committee.
Next, he said, any permission granted to the owners of the adjacent building should be put in writing and include an indemnification agreement providing that the co-op will be held harmless for any liability that could arise.
Today, "99 percent of all publicly held U.S. companies have indemnification agreements with their senior management and directors" to pay legal expenses, Mr. Coffee noted.
These indemnification agreements throw liability for due-diligence failures back on to the company issuing the shares or bonds, making a nonsense of an underwriter's gatekeeping role.
According to a timeline provided by the subcommittee, new indemnification agreements were struck for the top Fannie executives in May 2004, well after the company's regulator had begun an extensive investigation into the company's accounting practices.
Moreover, the chapter addresses civil liability that can be charged to the engineer in the form of negligence or products liability and further addresses the way the engineer can protect himself from liability such as employing the use of indemnification agreements.
It's unclear how many defense contractors have secret indemnification agreements with the military.
