Advance indemnification notice definition
WebNov 9, 2024 · Definition of terms Failure to defend Indemnification terms Claim notice Indemnification exceptions and authorization Assumption of defense Liability General provision Payment Insurance Subrogation Consent and settlement (include terms for both involved parties) Expenses Notices Duration Obligations and rights (for both involved … Webnoun Definition of indemnification as in damages payment to another for a loss or injury that insurance company is known to be slow when processing claims for indemnification Synonyms & Similar Words Relevance damages compensation reparation indemnity restitution recoupment redress recompense reimbursement reprisal (s) remuneration …
Advance indemnification notice definition
Did you know?
WebAs used in this part-Attorney-in-fact means an agent, independent agent, underwriter, or any other company or individual holding a power of attorney granted by a surety (see also "power of attorney" at 2.101).. Bid means any response to a solicitation, including a proposal under a negotiated acquisition.See the definition of "offer" at 2.101.Bid guarantee means … WebE. The Delaware courts have recognized that indemnification by a corporation serves the dual policies of (1) allowing corporate officials to resist unjustified lawsuits, secure in the knowledge that, if vindicated, the corporation will bear the expense of litigation, and (2) encouraging capable women and men to serve as corporate directors and officers, …
WebNov 2, 2024 · The word “indemnify” means to absorb any loss caused by the other party instead of seeking damages or compensation. On the other side, indemnification can … WebThe meaning of INDEMNIFY is to secure against hurt, loss, or damage. How to use indemnify in a sentence. Synonym Discussion of Indemnify.
Web— Globe Staff, BostonGlobe.com, 8 June 2024 The legislature can give what is called indemnification to UHSAA, meaning compensation for any expenses from a lawsuit. — … WebIndemnification is the act of indemnifying —providing indemnity. Indemnity is the protection. Insurance coverage indemnifies a person by insuring them for certain …
WebAug 1, 2024 · Transferability regime is a legislative proposal whereby taxpayers can sell all or part of their tax credits to an unrelated party. The sale must be for cash, and there is a 20 percent penalty if the claimed credit exceeds what the project was entitled to. The proceeds would be exempt from income but not deductible to the buyer.
WebIndemnification is a contractual obligation by one party to pay or compensate for the losses or damages or liabilities incurred by another party to the contract or by … list of british peersWeb: to bring forward for notice, consideration, or acceptance : propose advance an idea 7 : to supply or furnish in expectation of repayment advance a loan 8 : to raise in rate : … list of british pakistanis wikipediaWebSep 30, 2024 · The meaning of advance notice According to BusinessDictionary.com, advance notice is an alert about a future event or obligation. For example, you might receive information regarding the due date of a bill or the arrival date of a delivery. Here are some real-life examples of this phrase: list of british period drama seriesWebIndemnification means an agreement of indemnity or a release from liability where the intent or effect is to shift or limit in any manner the potential liability of the person or firm for failure to adhere to applicable auditing or professional standards, whether or not resulting in part from knowing of other misrepresentations made by the … images of stitches healingWebA form of indemnification agreement is a contract that requires one party to compensate the other for any losses caused by their actions. This could be in response to an injury or as a result of a breach of contract. For example, if someone goes into business with someone else, it's important to protect against certain risks. list of british overseas territories 2020WebAug 30, 2016 · By relieving corporate officials from the personal financial burden of paying ongoing expenses arising from lawsuits and investigations, advancement is widely recognized as an important corollary to indemnification as an inducement to secure able individuals to corporate service. images of st james palaceWebFeb 16, 2024 · In a lawsuit or proceeding brought by a third party — those outside of the company and not in a derivative manner on behalf of the corporation — directors and … list of british olympic medalists