Many people confuse indemnity clauses with hold harmless provisions, but they serve different purposes in contracts. For instance, an indemnity clause is about compensating losses, while a hold harmless clause prevents one party from being liable for damages. How have you encountered these clauses in your work, and do you find one more common than the other?
I’ve noticed indemnity clauses pop up more in construction contracts. They really help clarify who’s responsible when things go wrong. Do you see them often in your work?
Indemnity clauses seem to be really prevalent in the tech industry, especially during partnerships. I’ve had to dissect them often when reviewing software agreements. It’s fascinating how they set expectations so clearly.
It’s interesting how these clauses pop up in different industries. I think hold harmless provisions can sometimes feel like trying to catch a greased pig — slippery and a bit chaotic! Do you find people misunderstand them often in your work too, @emily_w79?