Indemnity Agreement
What Is an Indemnity Agreement? Meaning for Attractions
An indemnity agreement is a promise by one party to compensate another party for specific losses, damages, or legal costs.
Indemnity is related to hold harmless language but goes a step further. A hold harmless clause says one party will not hold the other responsible. An indemnity clause says one party will pay the other’s costs if a covered claim arises. Operators see indemnity clauses in guest waivers, landowner leases, and reseller agreements.
Why it matters for operators
Indemnity terms shift financial risk, so they deserve careful review in any contract with a landowner, insurer, reseller, or event partner. In guest waivers, they most often cover harm a guest’s own actions cause to others.
This definition is general information, not legal advice. Have an attorney review your waiver language for your state and activities.
Related terms
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