11. Indemnification – Two standard clauses: 1) clinical trial agreements for the use of “label off” (use of drugs that have not been approved by the FDA); 2) with regard to use in “On-Label” (FDA approved use of drug) clinical study agreements. The parties may negotiate to what extent or to what extent the promiser`s obligation to compensate will be limited. [13.1: This paragraph adds obligations for the declaration and defence of claims and cooperation. It may be added to any compensation at the request of the sponsor or at the discretion of the component.] Let`s say you`re a software developer and your customer wants to be sure you keep them unscathed for any claims of copyright or intellectual property infringement. The indemnification clause can be as follows: indemnification agreements can be useful for many reasons, but if they are not well understood, they can have serious consequences for the person who signed. Make sure you understand your indemnification agreement before you sign. In addition, a indemnification clause usually contains language on how rights are claimed and paid. Clauses can easily be one or two pages.
In summary, the section on compensation can be long and difficult to read. This does not excuse you from trying to understand. But more importantly, don`t try to navigate these clauses yourself. Join your lawyer to create a indemnification clause that fits your business. 13.5 This exemption applies to all covered damages or liabilities that occur after the date of this Agreement and will survive the expiration or prior termination of the Agreement until the expiration of the limitation period for personal injury in the State of Texas. They would sign a compensation agreement with the skydiving company. With the signing, the compensation agreement protects the skydiving company from any legal action. 5. Indemnification – A standard indemnity, with the exception that the promoter limits its liability to claims for bodily injury or death and imposes several conditions on its obligation to compensate: (1) properly carry out the study, (2) notification and (3) right to control of the defense.
The allowance also gives the university the right to choose its own lawyer. In the event of parachuting, it is the parties who participate in a compensation agreement: c. . . .