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Torts • Indemnity
TORT#122
Legal Definition
Indemnity shifts the entire loss between or among tortfeasors. It is an option when: (1) it was provided for in a contract; (2) one party is vicariously liable for the other; (3) dealing with strict products liability cases; and (4) there is an identifiable difference in degree of fault.
Plain English Explanation
Indemnity is a legal defense to liability. It means that you are technically liable, but, legally, the liability shifts to someone else. It's one of the most common items included in a contract.
