Legal Question in Wills and Trusts in Arizona

Hi, Can you please explain what an indemnity clause in a stipulated order means?

Asked on 8/24/12, 8:43 am

1 Answer from Attorneys

Donald Scher Donald T. Scher & Associates, P.C.

Usually, it means that the party ordered to perform certain tasks will indemnify the other party against any claims, expenses, etc. from the first party's failure to perform or that the party who is responsible for the debts or duties assumed will indemnify against the failure to perform or against any 3rd party making a claim against the first party.

Read more
Answered on 8/24/12, 10:54 am

Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in Arizona