Pitch Dictionary by pitch.dog
Clearance, privacy & defamation · Core

Indemnity

Also called: indemnification

ELI5

A contractual promise to cover particular losses, claims or costs suffered by another party.

Used in conversation

“Has legal checked indemnity for this version of the agreement?”

Definition

A contractual promise to cover specified losses, claims or costs suffered by another party.

Here “Indemnity” means: A contractual promise to cover specified losses, claims or costs suffered by another party.

Pitch context

You may encounter “Indemnity” in rights, contracts, finance, distribution & labour conversations or materials.

Why it matters: Explains who controls, pays for, approves, exploits or bears risk around a project.

Caution

Meaning and consequences may change by contract, collective agreement, territory or law. This entry is orientation, not legal advice.

Sources & evidence · 8

Supporting source families. This entry is an editorial synthesis rather than a quotation from one canonical glossary.