Meaning of Indemnify

Indemnify

Language - English

Tamil Word - பொறுப்புறுதியளி

To compensate for loss or damage; to secure against future loss or damage. In the context of Tamil Nadu real estate, this could refer to a contractual agreement where one party agrees to protect another party from any financial loss or legal liability arising from a specific transaction or event. Example: The seller agreed to indemnify the buyer against any claims or disputes related to the property's title. Indemnity clauses are common in real estate contracts to allocate risk and protect parties from unforeseen liabilities. It is crucial to understand the scope and limitations of indemnity provisions before entering into any agreement.