What is an indemnification clause?

An indemnification clause is a legal term found in a contract that requires one party to be compensated by the other as a result of an injury or harm experienced. In Hawaii, an indemnification clause usually protects the party that has written the contract from any form of damages or losses suffered as a result of something done by the other party. It is often used when one party agrees to pay for any type of financial losses, litigation expenses, or other costs that result from the other party’s failure to fulfill their contractual obligations. For example, if a party breaches their contract, the indemnification clause may require them to pay any losses or costs incurred by the other party as a result of the breach. In other words, the clause helps to ensure that both parties are protected in the event of a dispute or other legal issue.

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What is an indemnification clause?

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