Indemnification

Definition: A contractual obligation of one party to compensate another for losses, damages, or liabilities arising from specified circumstances. In business transactions, indemnification clauses allocate risk between buyer and seller for breaches of representations, warranties, or pre-closing obligations.

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What Is Indemnification?

Indemnification is a contractual obligation in which one party (the indemnitor) agrees to compensate another party (the indemnitee) for specified losses, damages, liabilities, or expenses. In Florida, indemnification clauses are fundamental components of real estate contracts, construction agreements, commercial leases, and business transactions.

Key Elements of an Indemnification Clause

Florida Construction Anti-Indemnity Statute

Section 725.06, Florida Statutes voids construction contract clauses requiring indemnification for the indemnitee’s own negligence:

Real Estate Applications

Related Terms

Barnes Walker Contract Services

Barnes Walker’s attorneys draft, negotiate, and enforce indemnification provisions in real estate, construction, and business contracts throughout Southwest Florida. Request a legal inquiry for assistance.

Reviewed by the attorneys at Barnes Walker, Goethe, Shea & Robinson, PLLC

Disclaimer: The information and opinions provided are for general educational, informational or entertainment purposes only and should not be construed as legal advice or a substitute for consultation with a qualified attorney. Any information that you read does not create an attorney-client relationship with Barnes Walker, Goethe, Shea & Robinson, PLLC, or any of its attorneys. Because laws, regulations, and court interpretations may change over time, the definitions and explanations provided here may not reflect the most current legal standards. The application of law varies depending on your particular facts and jurisdiction. For advice regarding your specific situation, please contact one of our Florida attorneys for personalized guidance.

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