GNL 23: IP indemnities in commercial agreements

An indemnity is an obligation – usually a specific clause within a wider commercial agreement – given by one party to a contract to compensate the other for some defined loss. Its chief purpose is to appropriately allocate risk between the contracting parties. For this reason, the party giving an indemnity will seek to draft it narrowly whereas the recipient will want to draft it broadly. The scope and the meaning of the words used are therefore important.

This content is restricted to members. To view this content please register or login below to view this content.

Sign-Up For Free

Sign-up to receive up-to-date information and advice on tax developments within your industry.

Sign-up for free